Millennials in Florida and throughout country would like to buy a house, but they don't seem to be able to afford it right now. That was the takeaway from a survey conducted by Apartment List. It found that 70 percent of millennials who responded had less than $1,000 saved to put a down payment on a house.
A Florida family won a minor victory in 2017 in a long legal battle against the city of Cape Coral over an eminent domain land purchase that began in 2014. While the family expects legal arguments may continue, the City Council agreed to drop the matter and purchase a nearby parcel. The case represents hope for landowners who may be facing eminent domain and a reminder that opposing unfair takings does have a chance of success.
Florida residents may not give commercial property much thought when it comes to becoming a landlord. However, buyers may actually be better served by investing in such properties. First, commercial property values tend to remain more stable over time when compared to stocks or similar investments. This is because both the building and the land that it sits on have value.
The Florida Department of Transportation has modified its plans to increase the capacity of 24 miles of U.S. Route 231, and the agency now says that the highway will only be widened to six lanes between U.S. Route 98 and Penny Road. However, this news has not been received warmly by some local residents and businesses who have accused the FDOT of deliberately releasing the details of its plan way in advance in order to drive down property values in the area.
Florida property owners may have to pay thousands of dollars because of tax valuations of their homes. When residents believe that the valuations for their properties are too high, they can challenge them.