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This could be the best thing for Florida homeowners and investors.

Before we can complain about the effects of an increase, people need to do some simple math. First let’s assume that the average person only uses less than 50 percent of their income for use on items that include sales tax.  You do not pay sales tax on your rent or mortgage payments. So let assume that you make about 60,000 per year. Well then you only can spend 30,000 per year on items that may include Sales tax. So using the current Miami Dade sales tax rate, currently at 7 percent; you may or may not be spending, $2000 a year on sales taxes. 

The new Florida homeowner’s insurance law changes are not working. The new law was passed last month, but so far there have been no signs of any rate reductions, that is, unless you have Citizens insurance. And the people who have that, are paying such high premiums, that a measly 20% reduction will seem like nothing. What happened to the big companies that the law makers have claimed will come back to Florida?. I have called my agent several times and so far nothing is happening. As a matter a fact, they told me that rates are still rising. We need cheaper homeowners insurance, or at least the option to insure our houses for less money. For example I am willing to accept the first $50,000 from insurance and anything that exceeds that amount, than I would pay for it myself. So If a Hurricane hits my roof and it looses a few tiles, I would replace them even if the color does not exactly match. One reason why Florida’s homeowners insurance is so expensive is that so many people are getting their whole roof replaced only because many insurance adjusters tell the homeowners that if they cannot find the same color roof tiles or shingles, that they can use that as an excuse to get a whole new roof. This is why a smaller hurricane like Wilma has caused insurance claims to be almost as high as was after hurricane Andrew. Hurricane Andrew was a much stronger storm. Roofs needed to be replaced back then, because they were really damaged. Shame on anybody who makes the insurance company’s pay for a whole new roof! If you only loose a few tiles, you should fix your roof. If you do otherwise, then you are a thief. And the insurance company’s aught to force those people to go with Citizens, because thieves belong with thieves.  

In Todays edition of the Sun Sentinal, there is an article about how higher property taxes in Florida are hurting the Real Estate Market.

I know this is true, because it has affected many people that I know, including myself. It is probably the combination of high taxes and insurance, that makes owning a home almost unaffordable. I know that this is also affecting some business, which may lead them to move to other states, where the taxes and insurance are cheaper.

So if that happens, then we will loose even more jobs. This has got to be stopped. I recently wrote several posts about this. One of my suggestions is that Florida should take a look at how things are run in some other states that also have a booming real estate market.

I also said that I think we should have a higher sales tax rate and use this to lower the property tax rate. This will force tourists as well as illegal aliens, which do not own homes to help us to pay for our government.

Just because we are smart enough to own a home, does not mean we should be the only ones to pay higher taxes.

PLEASE ADD SOME COMMENTS!!!

What are your thoughts, I keep writing about current events, I am sure are many people out there, reading my posts and you may either agree or disagree with my postings. But please feel free to add a comment. I promise I will not send you any Spam. As a matter a fact I hate Spam.

I recently had to activate a special plugin on this Wordpress Weblog, just to stop it from getting flooded by spam comments. But if your comments are simple and do not contain any bad words, all you have to do is type them and they will be automatically posted. It is that simple.

So lets see some more Comments!!!!!!

Do you agree or disagree ??

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