No affordable housing built 2 years after Palm Beach County's n...

We always here the local pols yapping about how builders need to make home prices more affordable...they need to realize that for most folks, the mortgage payment (principal and interest) is relatively affordable.

What infuriates people (and what government CAN control) is the ludicrous and borderline obscene property tax system - if they did their homework, they'd realize that typically about 1/3 of of a homeowner's monthly payment goes to property taxes. Cut out the entitlement programs and lower the mill rate substantially and we'll have affordable housing.

Absolutely correct. Home prices are up 2-3X in the last 5 years, and the mill rate is unchanged. Only with a crazy system like SOH could something like this have ever happened, and we continue to allow this injustice to stand.

Until the disparity is corrected, the market will continue to crash. Frankly, the buy the home I currently rent; even if it were purchase with cash, the carrying costs would be nearly as high as the rent. It takes 5 months of rent to cover the property taxes, another 2 months for insurance, and 3 more months for HOA.

You tell me, how is this going to end anyway but badly. With the carrying costs approaching the rental income, the market is telling you that some of these homes are worth nothing; if you get it for free you still can't make it cash flow.

That's totally unsustainable, and will correct itself. However, the coming crash could be greatly reduced if the taxes were just normalized and spread evenly.

Of course, after the passage of portability, that's a total pipe dream. So those of us who currently don't own just sit on the sidelines and wait. The prices need to continue to crash, and to see the outcome of all the legislation surrounding portability (which I fully anticipate will be found unconstitutional, just not for another few years).

What nobody seems to realize is that the only person who can take a home OFF the market is someone who does not yet own. And these are the people locked out by the crazy tax system... These people will NOT come back until the situation is rectified (either by dramatically lower prices, or by adjustment to the tax system).

Forgotten Man wrote:

We always here the local pols yapping about how builders need to make home prices more affordable...they need to realize that for most folks, the mortgage payment (principal and interest) is relatively affordable.
What infuriates people (and what government CAN control) is the ludicrous and borderline obscene property tax system - if they did their homework, they'd realize that typically about 1/3 of of a homeowner's monthly payment goes to property taxes. Cut out the entitlement programs and lower the mill rate substantially and we'll have affordable housing.

The government wants to regulate everything and everybody, where were they when these mortgage scammers were giving 120% loan on an over valued home? Think about it, you can by a home, and go into extra debt, all with the same security!

Now that these governments are taxing the sh@t out of people, they think building a few substandard homes will appease the masses! Typical liberal illogical thinking!!!

Where are police, firefighters, nurses, medical ancilary personal, and, teachers supposed to live?

I work and receive a fixed salary making not more than $50,000.00 a year.

Came here to this country with 300.00. I own a home a block from the beach and my own business. Never asked for assistance or hand out from anybody. Is this what pride feels like? Man I feel good.

unique wrote:

Where are police, firefighters, nurses, medical ancilary personal, and, teachers supposed to live?
I work and receive a fixed salary making not more than $50,000.00 a year.

You can buy a home if you have good credit and have saved some money. You just cannot expect to have the kind of home that has woord, granite, guard gates and multi million dollar amenities because you don't earn that kind of money. That's the problem. There are plenty of homes out there right now and they're not being bought because people ruined themselves thinking they should be able to live like six figure earners. Live within your means.

Can't you just see it? In another 2 or 3 years when one is finally built, a local politician will be on local TV in front of a camera and brain damaged reporter telling us what a tremendous accomplishment this has been. Of course the reporter will be too stupid to ask how many a private group like Habitat for Humanity has put up in the same time.

What If wrote:

Came here to this country with 300.00. I own a home a block from the beach and my own business. Never asked for assistance or hand out from anybody. Is this what pride feels like? Man I feel good.

Kudos to you - seriously. You are an example of what's great about this country. No matter what station in life you were born into, you can come here and be successful.

It's interesting how folks who immigrate here exemplify the traditional American values - hard work, individual responsibility and a belief in the ability to fully utilize one's God-given gifts - while, sadly, so many of us who were born here either no longer share these ideals or believe that somehow this country owes them a free ride through life.

Mo-Ham-Head wrote:

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True, but they have been doing it for so long, they forgot how to do anything else.

Like any other addiction, the substance that they are abusing, Other People's Money or Opeom, must be taken off of the street.
Then, and only then, when the proletariat can no longer acquire Opeom, can they be remanded to special clinics that will help them fight that addiction.
If this cure does not work, there are few choices of further treatment. I envisage that a much less expensive solution can be found, something that costs mere pennies instead of dollars.
This would be Other People's Change, denoting the cents on a dollar concept. This would mean that, instead of having section 8 housing and other benefits in expensive areas of population, the persons not cured of the Opeom addiction would be transferred to OPC treatment centers.
A typical OPC treatment center would be located far away from what are generally termed as "civilized areas", e.g., towns and villages, which would not want to be bothered by persons going through withdrawl symptoms. Those would be people attempting to substitute illegal means to supplement the loss of OPM, through such means as begging, theft, burglary, strong arm robbery, holdups, etc.
Persons in OPC centers would live on such sustenance as nutraloaf and contribute to the centers' cost of running by performing simple labor.
Other People's Change, is change I can believe in.
Some people might be angry with the elimination of welfare as an entitlement through requiring people capable of working to either have proof of their contribution to society through holding a job and having a residence or being removed to an OPC treatment center.
I am sure that there might be some increase in crime, but building more prisons and reintroducing light and heavy chaingang work as well is hard labor in penitentiary factories and plants would solve that problem.
It is time that the entitlement proletariat is eliminated from being a burden to society. There are so many people in need of help and education that we can no longer afford any entitlement addiction.

I want an affordable water front mansion over on Ocean Blvd. I hope the local officials pass another law requiring developers to build one for me at a price I can afford, before they build a second one and sell it at market value.

isn't all housing today now affordable. there have never been so many homes available at crazy low prices. we have been handed affordable housing via the meltdown that has occured.

Buy gold now:

http://www.theinternationalforecaster.com/ite...

The County better learn how to lend money because the banks want NO part of any new loans. Especially to FTHB's. The only way the gov is going to get the banks to lend again is to force the race card like they did 10 years ago to spark the blaze. Remember the CRA, Redlining, etc? Well the banks could give a rats sphincter about lending to the negros, or anyone else, because they don't need or want to build anymore brick and mortar branches. So a word to all you social reformers, start playing the poor minority game, because that is the only way you will see a dime of money from the MAN!

Well, nobody has told the kind people of Belle Glade and Pahokee that the real estate market has crashed. I looked at a 3/2 on a 1/4 acre and the guy wanted 260k, I looked at another 3/2 that was bigger and they wanted 230k. Now mind you out here we are 30 minutes from the closest wal-mart and you almost have to send your kid to private school. Hell, section 8 is paying $1350/mo for a house out here how can I compete with the government.

Green Sweep wrote:

The County better learn how to lend money because the banks want NO part of any new loans. Especially to FTHB's. The only way the gov is going to get the banks to lend again is to force the race card like they did 10 years ago to spark the blaze. Remember the CRA, Redlining, etc? Well the banks could give a rats sphincter about lending to the negros, or anyone else, because they don't need or want to build anymore brick and mortar branches. So a word to all you social reformers, start playing the poor minority game, because that is the only way you will see a dime of money from the MAN!

Maybe, if we are lucky, at some point in the next 4-5 years people will become so sick of how the "minorities" have milked the race card that this will all stop.

People like Addy Green will cease to be elected and the money will dry up. I mean, when you openly sell your vote to a company based upon them setting up a super-fund for her to pay off voters for their support and no one acts to indict her, the pendulum has swung out to its farthest limit.

Unfortunately, it will catch a little wind on its way back and the speed and distance it will cover is going to be very disturbing to many people, but it is part of the package the socialists have constructed. They will scream, but not many people will care.

It is amazing that radical black socialists will finally be seen for what they are, corrupt misusers of a system they have built upon their ability to deliver votes to a white majority run party. They even think that their black candidate can take over the controls from the white power brokers ... should be interesting.

SugarCracker wrote:

Well, nobody has told the kind people of Belle Glade and Pahokee that the real estate market has crashed. I looked at a 3/2 on a 1/4 acre and the guy wanted 260k, I looked at another 3/2 that was bigger and they wanted 230k. Now mind you out here we are 30 minutes from the closest wal-mart and you almost have to send your kid to private school. Hell, section 8 is paying $1350/mo for a house out here how can I compete with the government.

You also may be one of the people who are looking for a home that is beyond your means. The market crashing doesn't, in fact, mean that they're giving houses away to you. You certainly cannot expect that. Buy the type of home you can afford. Otherwise rent until you can afford what you want. That is a low income area, so if you are low income, of course you won't be able to purchase a home until you have save at least 20% to put down and have a good credit score. The financing of low income buyers is what created the whole market mess to begin with. So hold steady and save, save, save. Prepare yourself for it before jumping in.

unique wrote:

Where are police, firefighters, nurses, medical ancilary personal, and, teachers supposed to live?
I work and receive a fixed salary making not more than $50,000.00 a year.

Anyone making $50K can afford a decent home. It just won't be 3000 square feet and on the water!

I've been in the building business for 30 yrs in Palm Beach County. At this point in my life my family and I are tired of living here. We want to move to middle Tn. The only thing I need is a job with a prominent builder and I"m on my way.I love Tn but need an opportunity there and get the heck out of Fl.,I am good at what I do.

xltman1 wrote:

I've been in the building business for 30 yrs in Palm Beach County. At this point in my life my family and I are tired of living here. We want to move to middle Tn. The only thing I need is a job with a prominent builder and I"m on my way.I love Tn but need an opportunity there and get the heck out of Fl.,I am good at what I do.

I don't think the building industry is doing so great anywhere right now, including TN. There are SO many brand new homes just sitting in that area as well. They're not selling.

Michelle Obama wrote:

How dare you mean people speak bad about our great politicians and support this cruel "free market" concept. Government knows best. Not to sound condecending but Americans just can't make it on their own. The only way for us to all have shared prosperity is to expand the government and let it take care of us cradle to grave, the way its suppose to be. Don't worry about the finances, my husband will raise taxes so high that we will be able to afford all the neccessary programs. Socialism is the fairest system, if you would just give it a chance you mean people!

You Racist SOB's