Snowbirds on Florida TV

rockhillmanor wrote:

John&Joey wrote:
....Now if I was Florida, I would be going after the affluent non-USA citizens that own property in the US but outside of their native homestead land.

Was talking to my Florida real estate agent the other day about the foreclosures and how I was missing out getting my offers in on time and being beat out, and he said that was because the majority of them are being bought up by buyers from another country. Often buying them in large lot numbers. I started looking them up on the county recorders site and he IS correct. Hmmmm.

To add to this, when these lots are sold for a profit where do you think the capital gains money will then go. Stay in the USA where it can make a difference in our economy? or go to the homeland of the non-USA citizen taking very much needed dollars out of the works?

This is why affluent non-USA citizens should be tax'ed highly in Florida. The state in many ways is cutting it's own throat. Also the the state is hurting their own citizens by allowing strong currency to drive up the market in our current weak currency condition. So an actual Florida resident who is working and living in the state now will be forced into buying a lesser property because their dollars don't go as far.

Government has a right to protect their citizens, I hope Florida(and other states) starts doing this versus going after easy tourist dollars.