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06-12-2009, 12:11 PM
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Depression 2.0 coming to a street corner near you.
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Join Date: Nov 2007
Location: America
5,117 posts, read 3,344,338 times
Reputation: 901
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Miami's $400 million shortfall
Seems Miami will be 400 million dollars in the whole. That is a pretty big number. They said raising taxes might be one of the solutions. Raising taxes is right up there with kicking a man while he is down during these hard times.
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06-12-2009, 12:56 PM
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Waiting to pick up the pieces from the crash
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Join Date: Oct 2006
Location: Key Largo
6,113 posts, read 5,216,854 times
Reputation: 1981
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What do they care? Only the real estate boom saved Miami from its last bankruptcy, this time there will be no way to save that obsolete city.
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06-12-2009, 02:53 PM
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Beautiful St. Johns River
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Join Date: Jun 2007
Location: Jacksonville,Florida
2,892 posts, read 1,676,196 times
Reputation: 1202
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ask the federal government for a 400 million dollar bailout
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06-12-2009, 03:07 PM
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Not a member
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Join Date: Dec 2008
Location: MIA
1,340 posts, read 580,674 times
Reputation: 450
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Quote:
Originally Posted by tallrick
What do they care? Only the real estate boom saved Miami from its last bankruptcy, this time there will be no way to save that obsolete city.
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That is true, in the late 1990's-2000, Miami was on the verge of a Buffalo NY or an East St. Louis-type scenario. |
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06-12-2009, 06:19 PM
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Depression 2.0 coming to a street corner near you.
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Join Date: Nov 2007
Location: America
5,117 posts, read 3,344,338 times
Reputation: 901
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Quote:
Originally Posted by cuba libre
That is true, in the late 1990's-2000, Miami was on the verge of a Buffalo NY or an East St. Louis-type scenario.
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are you telling the truth? I honestly don't know but if that is true then what you are telling me is Miami could equal Detroit if things get bad enough. |
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06-12-2009, 06:24 PM
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The power within... Like what am I talking about??
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Join Date: Dec 2008
Location: Munich, Germany
3,106 posts, read 817,165 times
Reputation: 1020
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Honestly, this is pretty sad.
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06-12-2009, 10:05 PM
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Waiting to pick up the pieces from the crash
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Join Date: Oct 2006
Location: Key Largo
6,113 posts, read 5,216,854 times
Reputation: 1981
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Without the foreign and domestic funny money, Miami as we know it today is finished. However, a stop to the investors bidding up prices would starve off big government and could revive Miami's attractiveness to legitimate business.
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06-13-2009, 12:37 AM
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Not a member
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Join Date: Dec 2008
Location: MIA
1,340 posts, read 580,674 times
Reputation: 450
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Quote:
Originally Posted by tallrick
Without the foreign and domestic funny money, Miami as we know it today is finished. However, a stop to the investors bidding up prices would starve off big government and could revive Miami's attractiveness to legitimate business.
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Real estate prices will remain relatively stagnant - barring a major hurricane w/ chicken and rice riots - for probably a decade. Industry will have to come from within.
Duty free zones and low taxes aren't enough... I think Miami will have to become appealing to the Raleigh crowd in order for it to gain some credible white collar jobs, putting it more on the map for American businesses, not just South American ones. How to do this? I don't know.
You can start out by making downtown Miami more safe and less like the Bronx/Spanish Harlem. |
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06-14-2009, 08:56 AM
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Moderator
Status:
"Happy Thanksgiving"
(set 3 days ago)
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Join Date: Jan 2007
3,311 posts, read 2,780,305 times
Reputation: 755
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The news said to today that they (state probably) are considering to raising taxes on everyone that bought a home before 2003 by 13%, so I guess doing away with save our homes. This is going to cause lots of problems if they do this.
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06-14-2009, 09:25 AM
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Senior Member
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Join Date: May 2009
882 posts, read 366,377 times
Reputation: 175
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It could be worse guys. "The Villages" (huge retirement community near Orlando) owes 350 million to the IRS.
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