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GAIA Host Collective
What should be done and what will be done? The 'city fathers' are going to take a look at property tax collections on residential vs potential taxes on ag and say...'no brainer'! After all, the reason the properties were changed from ag to residential, not so long ago, was more property taxes could be collected.
If the owners of residences are forced to move and abandone their homes by lack of water or because they cannot pay their mortgage payments after resets or for some other reason, then the city fathers might move to condemn homes and bulldoze them, rather than let homes become free shelter for who ever.
In other words, the city fathers, like almost all US governments, will put off making a decision untill there is no decision left but the obvious one. Heaven forbid the city fathers take initative and fall victim of accusation that they made the wrong decision...and, since decisions can be interpreted or challenged, in hindsight, that is probably what would happen.
Meanwhile the citizens are caught in the web that was woven by...the citizens. We had a choice of voting for azz-hat one or azz-hat two. :)
Interesting story from Florida:
http://thehousingbubbleblog.com/?p=4333
They’re Going To Have To Give Them Away In Florida
Yes, they will have to give them away...or, bulldoze them. Another big problem are the huge condo projects that were started during the housing boom that are now nearing completion...Or, in some cases, work on the condo towers has ceased in mid construction.
Since local banks provide a lot of the construction loans for contractors to build these high rise condos, local banks are left holding the bag.
In some cases the new condos are being converted to rentals but that is not good for banks that were expecting the loans that they provided to be paid back in a lump sum upon completion of the condos.
Due to budget constraints in Volusia County seven school closing have already been announced...and that is merely the tip of the iceburg.
As Rosanne Rosanna Danna would say 'It's a real mess.'
I say they should bulldoze the ones near the coast and try to re-create the natural area's to give some better protection to the inside of the state till the rising sea floods it out. Though thats not going to happen in any real world, what will most likely happen is the area's will become the slums of the 21st century letting the rich move to higher ground.
Ayup - spittin' distance from where I live. Come on down - there's lots more of 'em too.
The crane accident in Miami last week? Still building those high six and seven digit condos on the shoreline. Mayeb we can use them to start the seawall we're gonna be needing.
Too lazy to grab the link, but a few weeks ago there was an article about how the population was declining in Broward County (one county North of Miami) and the same in general in Florida. Couple that with talk about - ahem - property tax reform (FOR THE THIRD TIME) only this time it's really about moving some tax sources from property tax to sales tax. Now population decline is not necessarily a bad thing to a Peak Everythinger - like me - 'casue after all we aren't exactly swimming in potabale water down here (we pump good rainfall - when it happens - into the freaking ocean. But the impact on (sales) taxes...
And we ain't even started to hurt...wait until the cruise line industry collapses. Airlines are already cutting back. Long time "bigger" industry like Motorola will shrink even more if not disappear all together.
Even Shaq left!
Pete
Those of us living in Florida 'Are Freakin' Doomed'. We are represented in Tallahasse by a bunch of usedtobe realtors and real estate promoters. Now that RE is dying they don't have a clue. Yeah, raise the sales tax...again...That'll fix everything. My guess is their next move will be to legalize gambling casinos anywhere in the state...It would have already happened if not for the various hard shell protestants protesting.
Ptommes, I noticed recently that lots of cruise ships have moved from S Fl ports to Canaveral Seaport. Reason given was to be nearer Dizzy World and take advantage of people visiting Dizzy that want to go on a cruise. The cruise ship operators might want to consider drilling holes to the keels and stepping masts for sail power.
Daytona Int Air Port is losing flights almost daily. Meanwhile the kids at Embry Riddle AU are flying their little Cessna 172s to death, trying for enough hours to solo cross country and take their FAA written. I wonder how many of the students will ever get a berth as pilot of a major airline? The airlines are howling for more pilots but only because they fired the well paid senior pilots to hire younger lower paid pilots. Now passengers are being flown around by greenies. Not me.
Meanwhile, shrub and vader seem to think an attack on Iran will solve all problems for the US. I shouldda' built that bomb shelter.
It seems to me the state legislatures are typically populated with developers. In a shrinking economy that is going to be entirely *illegitimate*; they won't be representative of anyone.
cfm in Gray, ME
Florida is on the path to soon be a Dead Zone. I'm outta here ASAP. If you stay, keep the Zombies south of Georgia please.....
The World turns, with or without U.S.
BZ
"Meanwhile, shrub and vader seem to think an attack on Iran will solve all problems for the US."
Is this some recent news over the last week or so, or are you referring to past comments? Any links if recent?
http://news.bbc.co.uk/2/hi/middle_east/7311565.stm
According to General Petraeus, Iran may have been behind the Green Zone attack on March 23.
http://www.debka.com/article.php?aid=1342
US military option on Iran is back on the table.
http://www.opednews.com/articles/opedne_richard__080328_saudi_newspaper_...
Saudi newspaper warns to protect against radioactive fallout from US nuclear attack on Iran.
Cheers
Once most municipalities have gone bankrupt, they might be restructured to continue operations, but it will have to be at a much lower level than previously. They just possibly might be able to maintain a minimal building inspection department at best (re-engineered from a "nit-pick mode" to a "what really matters mode", i.e., just keep the structure from collapsing or catching on fire, otherwise pretty much anything goes), but zoning will have to go by the wayside. Regardless of whether the ordinances remain on the books or not, they will be unenforced and increasingly unenforceable.
Municipalities might very well shrink and de-annex territories that they can no longer economically service. If there are large swaths of depopulated land around their periphery that they are not actually managing to collect any property taxes on, then why bother keeping it in the city limits? Many municipalities might have to limit themselves to that extent of territory that their police force can patrol on foot - fuel for police cars being too expensive to use except for calls for backup, and certainly too expensive for drives way out into the boonies. The same considerations apply with fire departments.
Water utilities will be increasingly expensive to operate and maintain, and cities will only be able to afford to supply water to their densely populated centers, not the sparsely populated peripheries (which could, after all, supply their own water with wells).
We all know that the private passenger automobile and commutes in it from the suburbs is unsustainable, and that people are going to eventually have to go to urban mass transit (or bicycles, or feet). The trouble, though, is that in many metro areas we are talking about multiple municipal jurisdictions that mostly don't like to cooperate with each other. In only a few areas has this tendency been overcome and regional transit systems successfully established. For many places, this regional cooperation will not happen quickly enough, and once most municipalities are under severe fiscal stress, the window of opportunity to develop regional transit systems will have closed. Shrinking municipalities will look only toward serving their own citizenry, and very much on the cheap at that. The last thing they will want to do is to extend a bus or tram line out into the sparsely populated periphery. If anything, what little service already exists out into the suburbs will probably be cut back, effectively stranding the people left out there, and hastening their abandonment of the suburbs. It would actually be to the advantage of shrinking municipalities to provoke and encourage this trend, as this would create more denser (and more economically serviceable) populations within the shrunken city limits, and would likely increase the economic activity within the city limits (thus increasing tax revenues). (I wonder if Kunstler has anticipated this side of things?)
In this manner will the suburban periphery eventually become abandoned, untaxed, and suitable for restoration to small-scale agricultural use.