I voted against the referendum
This thread prompted me to register and post. An earlier post asked who would vote against and why.
I live in florida and voted against.
Florida residents have voted to limit their individual property taxes but have left uncontrolled both public spending and other people’s property taxes. This is amazing. It is financially unsustainable. Very unbalanced, and quite anti-social to just throw one's obligations on one's neighbor.
This new referendum makes the problem worse. It lets those that benefit now cash out but continue to receive the benefits while others pay the cost. In other words, this was the "unfair benefits portability act of 2008".
Now the politicians will spend the next couple of years saying they have done something for property taxes, instead of working to fix this once and for all.
This is financially, morally and socially wrong. Even though I benefit from this system, I campaigned and voted against it, and would do so again. I want something that works for me and my children, not just me.
Finally, it will hurt, not help, real estate prices. It limits demand to downsizers that already live in more expensive Florida housing and pushes higher tax costs onto new state residents and first time buyers. They will look elsewhere, overall Florida state demand will suffer and real estate prices will follow.
Just my view of this interesting debate.
Regards, Michael
This thread prompted me to register and post. An earlier post asked who would vote against and why.
I live in florida and voted against.
Florida residents have voted to limit their individual property taxes but have left uncontrolled both public spending and other people’s property taxes. This is amazing. It is financially unsustainable. Very unbalanced, and quite anti-social to just throw one's obligations on one's neighbor.
This new referendum makes the problem worse. It lets those that benefit now cash out but continue to receive the benefits while others pay the cost. In other words, this was the "unfair benefits portability act of 2008".
Now the politicians will spend the next couple of years saying they have done something for property taxes, instead of working to fix this once and for all.
This is financially, morally and socially wrong. Even though I benefit from this system, I campaigned and voted against it, and would do so again. I want something that works for me and my children, not just me.
Finally, it will hurt, not help, real estate prices. It limits demand to downsizers that already live in more expensive Florida housing and pushes higher tax costs onto new state residents and first time buyers. They will look elsewhere, overall Florida state demand will suffer and real estate prices will follow.
Just my view of this interesting debate.
Regards, Michael