If the Federal Reserve raises interest rates to historically normal rates and much of the real estate market will collapse again. Many of the adjustable loans from boom years have still not foreclosed. Condominiums aren't investments. Miami-Dade is bankrupt if the real estate market collapses again. The feds know this.
27% for sale on Brickell!! Damn.
The Department of Business and Professional Regualtion doesn't have arbitration reports of condominiums that came anywhere near meeting dismal building codes when units were tested using ASTM E1007 guidelines. I would say the condominum market in South Florida is cooked. The developers have mostly cashed out and the owners are stuck.
Jorge Perez should stand trial.
Example: Icon Brickell One, condo docs written by Greenberg Traurig, P.A. Section 17.9, unlesss installed in the Unit prior to the recordation of this Declaration or meeting the sound insulation specifications established from time to time by the Board, hard, and/or heavy surface florring covervings, such as tile, marble, wood, and the like will not be permitted in Units. Notice how Greenberg Traurig left the specifications to the condo Board.
WIoD radio had a real estate show on today at 4 that said Miami-Dade numbers had jumped alot in May.
The median list price in Homestead is under $100K but they aren't over developed, paving our natural resources and Ag land! They share historically high property taxes because, hey, everyone sitting in the council or working inside City Hall and their friends/family don't have real jobs and need the money!They utilities rates are a joke and hyper inflated with no relief insight except to keep transferring the profits to the Homestead General Fund, and not everyone in Homestead is stuck using the utility!Yea, looks like a great place: "Hudstead is a hood" not "Homestead is Home", well unless you like high priced, poorly built, zero lot line crap with all the insiders on the taxpayer/ratepayer dole! Keep approving more development to see just how much lower property values can go so you can finally peak out the property taxes to the maximum allowable by the State! It is such a backward, stupid place that once had such nice things to offer residents, and no longer is liveable. But, they'll have a new kingdom to work out of, that's the priority! Incredible.
Someone get Bill Losner to pay back the money he got for selling out his bank, and put it into refunds to taxpayers for his spreading so many lies about growth. New laws to claw back money made by the speculators and scam artists.
The best jobs in Homestead are at the police department for two reasons. First as a patrol officer you are always busy so there is never a boring day. Second as a command officer you get to finagle the statistics and let the city manager believe that crime is actually going down. It must be going up again they just hired several officers.One year it went up 18% and the city council went out of their minds because it goes against what they have been selling to the public. They kept searching for contradictory information from the FBI, Sperling's best/worst places to live, Comedy Central wherever it didn't matter, they were on a mission, it was almost funny, except it wasn't. Accurate tabulations are an endangered exhibit now in Homestead.
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