| Property taxes create hardship, hurt home sales in Broward
Ted Deutch, D-Boca Raton, who moderated the forums in Broward and Palm Beach counties on Monday.
"It's really unfair," said Mays, 48, an accountant/bookkeeper. "You can find decently priced homes, but the taxes still put it out of the ballpark."
Jeff Levine, a real estate agent for Illustrated Properties in Palm Beach County, uses his house as an example of the dilemma facing homeowners.
On a property he bought 12 years ago for $180,000, he pays annual taxes of about $3,700. The Save Our Homes amendment to the state Constitution prevents taxes from rising more than 3 percent a year on homesteaded properties. Homeowners, however, lose that protection when they move.
So if Levine were to sell and buy a $500,000 home, his tax bill would climb to $10,000.
Mr. College Football
But it is amazing the similarities to 26-27 years ago when Coach Dooley was involved in getting more tv revenue for schools. Now that is a given, and even the Big 10 has it's own network and all conferences will soon, which is another threat to fan money, IMO. But that is another story for another day. .
Tokyo takeover: Fashion brand Uniqlo is about to take the British high ...
Tuesday evening and out on the shop floor, the fashion circus is in full swing. On a makeshift stage, a woman from a band you've never heard of is knocking out a tune on a xylophone. Jodie Harsh, the Hoxton drag queen, is holding court by the bar. Seb Chew, Lily Allen's ex, nurses an imported beer by the ladies' cashmere. Assorted members of shock-goth-rock band The Horrors look surly in men's denim. Earlier, Daisy Lowe DJed, playing records by Soft Cell and the Cure and dancing about with her hands in the air. Later, Dizzee Rascal gets 500 heads nodding those of Peaches Geldof, Isaac Ferry and Alexa Chung among them. Upstairs and down the capital's fashion pack mingle, availing themselves of black cod and asparagus hors-d'oeuvres and endless saki. It's all very fabulous. Shop openings-cum-parties such as this are ten-a-penny on London's social circuit.
Latest Share Chat
STOCKS: Wall Street closed lower Wednesday, sacrificing the advance it made after the Federal Reserve cut interest rates half a percentage point. Investors collected profits after nearly three sessions of big gains, unwilling to leave money on the table amid ongoing economic uncertainty. The Federal Reserve lowered the fed funds rate, or the interest banks pay one another for overnight loans, to 3 pct, the lowest level since spring 2005. It also lowered the discount rate, or the interest the Fed charges on loans to banks, by a half-point to 3.50 pct. FOREX: The dollar slid lower Wednesday after the Federal Reserve made an expected half-point cut in the federal funds rate and signalled that more moves lower could be forthcoming. BONDS: Treasurys reversed losses in after-hours trading Wednesday as the stock market gave back a big advance prompted by the Federal Reserve's widely expected interest rate cut.
Commentary / Wall Street: Always an insider's game
Decades ago, while observing the vast yacht of Wall Street titan J.P. Morgan -- the largest in the world -- one investor muttered, "But where are the customers' yachts?" Recently, an academic who documented that corporate CEOs buy huge mansions by unloading large amounts of stock before their companies tank asked, "Where are the shareholders' mansions?" .
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