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When will market recover?

Asked Sat Aug 18 2007, 17:33 by Jj - 32962 - Market Conditions - 9 answers

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The recent changes in Homestead should help, as should the reduction in Jumbo loan limits, but overall the Florida Legislature (and National Goverment) has been very slow to help. If they cut Property tax for non-Homestead to reasonable levels then investors and 2nd home owners will stay, however these have got to expensive. I am/was an investor who believed in the long term of Florida (not a flipper) but I've been whacked by the Property Tax hikes. If these come down then Florida becomes a good long term investment, rather than a sinking ship.

With all that said, hopefully if rates keep coming down, should hopefully see modest recovery in 2008/early 2009. - Tue Feb 19 2008, 14:13

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