Brevard County rentals

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County will survive a final touchdown
Economically, Space Coast better off than when Apollo program ended
BY JOHN McCARTHY • FLORIDA TODAY • January 10, 2010
 
NASA has sent men to the moon, robots to Mars and rockets beyond the frontier of our solar system. Now it is set to do something it has only done once before in its 52 years: Wind down a human space program.
The final space shuttle launch, which will come later this year or early 2011, will mark the end of a program that has encompassed more than half of NASA's history and carried more men and women into space than all other spacecraft combined.
And it will be the end of what has been one of Brevard County's most potent economic engines for three decades.
Brevard has been there before.
Following the last Apollo moon mission in 1972, unemployment soared to nearly 15 percent, home prices plunged, foreclosures rose and some 10,000 people -- and their families -- abandoned the county in search of work.
The good news: The economic hit from the end of the shuttle won't be anywhere near as bad as the end of Apollo.
The bad news: The local economy already is in terrible shape even before the coming layoffs.
Among the possible fallouts from the end of the shuttle program:
 Local unemployment in the range of 15 percent or more.
 Foreclosures continuing at record levels -- nearly 10,000 last year -- for the next several years.
 The county's population shrinking as thousands of space workers leave to find jobs. That would mean fewer customers for local businesses, especially in the central and north parts of the county.
 Secondary repercussions including fewer public school students, a drop in charitable giving and lower tax rolls leading to cuts in public services.
Exacerbating the situation is uncertainty about what will replace the shuttle and when. President Barack Obama is considering the final report of a panel convened to review the shuttle-replacement program and offer alternatives.
Under the current post-shuttle scenario, as many as 7,000 space workers here would be left without a job with little prospects of being called back to work for years. Brevard Workforce says another 14,000 workers, such as restaurant servers or retail clerks, could be indirectly affected.
Given the current nationwide recession, there is no chance that private sector growth can make up for the coming cutbacks at the Kennedy Space Center, said Florida Tech economist Michael Slotkin.
"Unless there is increased government spending. . . . I don't know how we are going to avoid the downside," he said.
The breakdown
About 11,000 men and women in Brevard County work directly on or in support of the shuttle program.
Of those, about 2,000 are NASA civil servants who are not expected to lose their jobs.
The other 9,000 are employees of the private contractors who do most of the work preparing the shuttle and space station components for flight, as well as handling day-to-day operations at the space center.
They range from administrative assistants to skilled technicians to engineers and scientists, and earn an average of $65,000. Their average age is 49.
By October, 2,100 of those likely will be out of work, according to Brevard Workforce, the quasi-governmental agency that manages unemployment and job training issues in the county. Those early layoffs will come in waves as final payload- and orbiter-processing jobs are finished.
Another 4,000-plus will see their jobs evaporate between October and March 2011, following the final shuttle launch, the agency says.
Those numbers pale in comparison to the post-Apollo job losses.
At its peak in 1969, more than 46,000 people worked at KSC and on the Air Force's space-launch facilities across the river. That represented 47 percent of all jobs in the county. By 1974, that number dropped to just over 23,000.
Brevard's unemployment rate soared from a low of 1.9 percent in 1966 to a peak of 14.7 percent in January 1975. That number would have been even higher if about 10,000 workers hadn't left the county to find work elsewhere.
Not as bad as Apollo
The end of the shuttle program won't have near that type of impact.
First of all, 7,000 workers represent only 2.6 percent of the current countywide workforce. Even the absolute worst prediction of 21,000 direct and indirect job losses would account for less that 8 percent of the workforce.
Many of the people who will lose their jobs likely would have left them anyway in coming years. About a third of the shuttle workforce is eligible for retirement, according to most estimates.
About 3 percent of the KSC workforce was eligible for retirement in 1970, when 60 percent of NASA's workforce was younger than 45.
"This is clearly not going to be an Apollo-like situation but that doesn't mean that we don't have to prepare for it with some intensity," said Frank DiBello, president of Space Florida, the state agency charged with promoting and expanding Florida's aerospace industry.
DiBello is optimistic that NASA, the Department of Defense and the White House will try to divert enough projects to KSC to retain at least half of the current space workforce for future space programs.
"They are not going to want to lose 7,000 critical space workers for an industry so vital to our national well-being," he said.
Still any job losses add to a local unemployment rate already at 11.9 percent.
That number would be even higher save for the fact that some 9,000 unemployed construction workers have left the county over the past two years, according to Franck Kaiser, CEO of the Home Builders and Contractors Association of Brevard. He estimates that 10,000 construction jobs -- paying an average of $65,000 -- have been lost on the Space Coast.
Housing issues
Clearly the housing market is already in worse shape than in the post-Apollo days.
While exact numbers aren't available from the early 1970s, newspaper reports from the time indicate that thousands of laid-off space workers simply walked away from homes they could no longer afford.
One article said that Brevard accounted for 60 percent of all the homes repossessed in the 21-county South Florida district of the Federal Housing Administration. At one time, the FHA alone held title to more than 3,000 homes in the county and had sold hundreds or thousands of other homes it had repossessed here.
Apartment vacancy rates soared, up by as much as 75 percent in Cocoa Beach, according to reports from the time.
In contrast, Brevard was on pace to see nearly 10,000 foreclosure suits filed in 2009 by the time the numbers are tallied. That comes on top of more than 9,000 foreclosures in 2008.
"Even if our total unemployment does not reach post-Apollo numbers our foreclosures will exceed that era," said Clerk of Courts Scott Ellis, whose office handles foreclosures.
"I think not just in raw numbers, but as a percentage of private housing units foreclosed. . . . The impending shuttle layoffs simply deepen an already deep black hole."
Palm Bay has been hit the worst in the current foreclosure crisis.
Any foreclosures caused by the space layoffs are much more likely to happen in central and northern Brevard.
United Space Alliance, with 5,500 Florida-based workers, is the prime shuttle contractor. The company says about half its Florida workforce lives in Central Brevard communities such as Merritt Island, Port St. John and Cocoa Beach, while about another 28 percent live in the north part of the county.
Far-reaching effect
It is not only space workers who will be affected by the end of the shuttle program.
So, too, will thousands of other workers dependent on money spent by those shuttle workers, who collectively earn about $600 million a year.
"In the northern part of the county, there is going to be severe hardships," predicted Florida Tech's Slotkin.
True or not, one story circulating through the business community sums up concerns about the post-shuttle economy. A doctor in Titusville recently decided against hiring a replacement when his receptionist left. His reasoning? "I'm going to lose all my patients anyway when the shuttle program ends," was his supposed answer.
 
"It is on everybody's mind and it can't help but be what is on everybody's mind," said Titusville Area Chamber of Commerce President Marcia Gaedcke.
But it is not just the restaurants that serve lunch to space workers nor the auto shops that repair their cars that will feel the pinch.
About a quarter of the $6.6 million United Way of Brevard raised last year came from the aerospace industry, according to Susan McGrath, vice president of resource development for the group.
"We are extremely concerned because we may lose revenue, but also the need in our community will rise," McGrath said.
And if parents of school-age children have to leave the county to find work, that would mean fewer students. That could lead to the closing of some schools.
Nobody expects the school situation to be anywhere near as bad as in the 1970s when the school district lost 1/3 of its students. But planning ahead is difficult given the uncertainty about the future of manned space flight.
Under the current scenario, the district estimates it could lose as many as 2,200 students, or about 3 percent of current enrollment. School officials, though, said it is hard to come up with concrete numbers given the uncertainties with the future of manned space flights
"It is kind of fuzzy right now," said Judy Preston, associate superintendent for financial services.
Any additional slowdown in the economy also will mean less revenue for local governments, which in turn could mean cutbacks in services.
"Any way you look at any of those numbers, Brevard is going to be challenged," said Leigh Holt, government relations manager for Brevard County.
Contact McCarthy at 752-5018 or jmccarthy@floridatoday.com
Clearly the housing market is already in worse shape than in the post-Apollo days.
While exact numbers aren't available from the early 1970s, newspaper reports from the time indicate that thousands of laid-off space workers simply walked away from homes they could no longer afford.
One article said that Brevard accounted for 60 percent of all the homes repossessed in the 21-county South Florida district of the Federal Housing Administration. At one time, the FHA alone held title to more than 3,000 homes in the county and had sold hundreds or thousands of other homes it had repossessed here.
Apartment vacancy rates soared, up by as much as 75 percent in Cocoa Beach, according to reports from the time.
In contrast, Brevard was on pace to see nearly 10,000 foreclosure suits filed in 2009 by the time the numbers are tallied. That comes on top of more than 9,000 foreclosures in 2008.
"Even if our total unemployment does not reach post-Apollo numbers our foreclosures will exceed that era," said Clerk of Courts Scott Ellis, whose office handles foreclosures.
"I think not just in raw numbers, but as a percentage of private housing units foreclosed. . . . The impending shuttle layoffs simply deepen an already deep black hole."
Palm Bay has been hit the worst in the current foreclosure crisis.
Any foreclosures caused by the space layoffs are much more likely to happen in central and northern Brevard.
United Space Alliance, with 5,500 Florida-based workers, is the prime shuttle contractor. The company says about half its Florida workforce lives in Central Brevard communities such as Merritt Island, Port St. John and Cocoa Beach, while about another 28 percent live in the north part of the county.
Far-reaching effect
It is not only space workers who will be affected by the end of the shuttle program.
So, too, will thousands of other workers dependent on money spent by those shuttle workers, who collectively earn about $600 million a year.
"In the northern part of the county, there is going to be severe hardships," predicted Florida Tech's Slotkin.
True or not, one story circulating through the business community sums up concerns about the post-shuttle economy. A doctor in Titusville recently decided against hiring a replacement when his receptionist left. His reasoning? "I'm going to lose all my patients anyway when the shuttle program ends," was his supposed answer.
"It is on everybody's mind and it can't help but be what is on everybody's mind," said Titusville Area Chamber of Commerce President Marcia Gaedcke.
But it is not just the restaurants that serve lunch to space workers nor the auto shops that repair their cars that will feel the pinch.
About a quarter of the $6.6 million United Way of Brevard raised last year came from the aerospace industry, according to Susan McGrath, vice president of resource development for the group.
"We are extremely concerned because we may lose revenue, but also the need in our community will rise," McGrath said.
And if parents of school-age children have to leave the county to find work, that would mean fewer students. That could lead to the closing of some schools.
Nobody expects the school situation to be anywhere near as bad as in the 1970s when the school district lost 1/3 of its students. But planning ahead is difficult given the uncertainty about the future of manned space flight.
Under the current scenario, the district estimates it could lose as many as 2,200 students, or about 3 percent of current enrollment. School officials, though, said it is hard to come up with concrete numbers given the uncertainties with the future of manned space flights
"It is kind of fuzzy right now," said Judy Preston, associate superintendent for financial services.
Any additional slowdown in the economy also will mean less revenue for local governments, which in turn could mean cutbacks in services.
"Any way you look at any of those numbers, Brevard is going to be challenged," said Leigh Holt, government relations manager for Brevard County.
Contact McCarthy at 752-5018 or jmccarthy@floridatoday.com
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Wecome to our owner's newletter section
New and pertinent information will be added
Owner's may provide information to be considered for inclusion
"Expressed Opinions"
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August "09
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Market
A glimmer-some productive home sales to actual residents vs. investors.
NEW YORK (Reuters) - Prices of U.S. single-family homes fell in April from March but the pace of the decline moderated, suggesting stability is emerging in some regions, according to Standard & Poor's/Case Shiller home price indexes released on Tuesday.
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Affordable Refinance
Making Home Affordable will offer assistance to as many as 7 to 9 million homeowners, making their mortgages more affordable and helping to prevent the destructive impact of foreclosures on families, communities and the national economy.
The Home Affordable Refinance program will be available to 4 to 5 million homeowners who have a solid payment history on an existing mortgage owned by Fannie Mae or Freddie Mac.
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Rentals
NEW YORK (CNNMoney.com) -- Home sales continued their modest upward swing in May, according to a closely watched industry report that rose for the fourth straight month for the first time in nearly 5 years.
But the rise in sales contracts may not yield a like increase in completed sales, according to Lawrence Yun, chief economist for NAR.
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Good vs. Bad
"This is positive news for people who don't live in those speculative markets," said John Silvia, chief economist at Wachovia Securities in Charlotte. "Housing is going to be less of a drag on the economy but it won't be adding to it as it traditionally does."
The April price declines tacked on to the severe price erosion that has slammed the U.S. housing market into its deepest downturn since the Great Depression(see *** below).
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Renting vs. Selling
Sales prices are still declining.
Sales market recovery is not exactly predictable.
It was relayed that a FDIC economist loosely predicted 2011 for our first possibility of market stability.
Unfortunately we still have several years worth of excess partially prepared development land awaiting new home build-outs.
That same economist was predicting a bottom around 1998/97 ***home prices.
I personally believe that bottom will be reserved for the 15 – 20 worst/toxic markets.
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What To Do
Is your property is actually saleable; i.e., are liens less that a realistic sale price/appraisal.
Drop under the declining price curve and go for that sale if that is your choice.
If not saleable, discuss options with your attorney.
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  Here’s Information about Maintaining
If you can possibly handle the negative cash flow or hold off a foreclosure, let us work towards keeping the property rented, maintained, and occupied.
That option is not my recommendation as only an owner could weigh their relevant factors and choose their own course.
 
 
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HERE’S AN IDEA
 
Renting will increase in the near future.
 
Fanny Mae and Freddie Mac will allow foreclosed homeowners to rent back as well as allow renters in foreclosed homes.
 
Now if these agencies’ would just absorb/warehouse the toxic houses/mortgages.
 
How would that occur?
 
Here’s a suggestion for stopping the continuing downward slide in the still failing single FAMILY housing market.
 
Pick and isolate the 10 – 15 of the worst single FAMILY housing markets in the nation.
 
Take the toxic properties into a housing repository allowing owners and/or tenants to rent.
 
These properties would be held off the sales market thru the initial market recovery.
 
As rentals, there would be funds to maintain the properties and the
residents would be there for safe keeping.
 
With great care after a well established recover, a percentage of the previously toxic properties would be sagaciously reintroduced in small numbers at slightly above market prices.
 
Leaving all of those toxic properties on the market just exacerbates the problem.
 
NEW YORK (AP) -- National home prices are at levels not seen since the 2002 Winter Olympics, but a closer look at a housing index released Tuesday shows real estate is indeed local with some prices in certain cities falling to pre-2000 values.
The Standard & Poor's/Case-Shiller National Home Price index reported home prices tumbled by 19.1 percent in the first quarter, the most in its 21-year history. Home prices have fallen 32.2 percent since peaking in the second quarter of 2006.
But in cities across the country home prices varied dramatically, depending on affordability, foreclosure activity and the local economy. The bottom may be in sight in some markets, but nationally home values are expected to decline -- though at a slower pace -- for the rest of the year.
"By our estimation, the composite 20-city index is perhaps two-thirds of the way through its ultimate total decline in this cycle," according to Joshua Shapiro, chief U.S. economist for MFR Inc.
 
Foreclosure bill passes
Because of strict eligibility requirements, only 50-some homeowners are refinancing through the program compared to the 400,000 people it was estimated to help.
 
Housing market bottom in sight
Single-family home construction posted a modest rebound in April, raising hopes that the three-year slide in housing is leveling off. But a bulging supply of unsold homes, record levels of foreclosures and still-falling home prices suggest a sustained recovery isn't likely until next spring at the earliest.
 
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JUNE '09 Newsletter Attachment
WASHINGTON (AP) -- There was another ray of hope Monday for the distressed housing market: the National Association of Realtors said the volume of signed contracts to buy previously occupied homes rose for the second month in a row.
Homebuyers taking advantage of bargain prices, low interest rates and a tax credit for first-time buyers pushed the seasonally adjusted index of pending sales up by 3.2 percent to 84.6 in March.
The results not only beat analysts' flat expectations, but were also 1.1 percent above last year's levels, the first time that has happened since December.
"After nearly three years of freefall, housing activity may have found a floor," wrote Paul Dales, U.S. economist with Capital Economics in Toronto.
The index tracks signed contracts to purchase previously occupied homes. Typically there is a one- to two-month lag between a contract and a done deal, so the index is a barometer for future home sales.
Hopes have been growing that home sales, while still severely depressed, may be finally showing signs of life. Sales of newly built homes were flat in March while sales of existing homes edged down slightly.
But it's not all bright news out there.
Home prices are expected to keep falling for at least another year, though at a slowing pace. Tens of thousands of homes are tied up in the foreclosure process and not yet for sale. Plus, mounting job losses may keep many buyers from signing a contract for a home.
The Realtors estimate about half of existing home sales are now foreclosures and other must-sell transactions.
Nevertheless, many real estate agents are counting on an $8,000 tax credit for first-time homebuyers as their best hope for boosting flagging sales. That incentive was included in the economic stimulus package passed earlier this year.
"This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions," and the tax credit, Lawrence Yun, the Realtors' chief economist, said in a statement. "We need several months of sustained growth to demonstrate a recovery in housing, which is necessary for the overall economy to turn around."
Pending sales were up 8.5 percent in the South and nearly 4 percent in the West. They fell 5.7 percent in the Northeast and 1 percent in the Midwest.
 
Home prices post 18.6% decrease
In another sign the housing crisis could be reaching the bottom, home prices dropped sharply in February but for the first time in 25 months the decline was not a record.
The Standard & Poor's/ Case-Shiller index released Tuesday showed home prices in 20 major cities tumbled by 18.6 percent from February 2008. That was slightly better than January's 19 percent.
"We've seen early signs over the last couple of months of some stabilization, particularly in the markets that were hardest hit," Housing Secretary Shaun Donovan said.
The Margin is compiled from staff and wire reports –
(Source: Associated Press/AP Online) By J.W. ELPHINSTONE
NEW YORK - In another sign the housing crisis could be reaching the bottom, home prices dropped sharply in February but for the first time in 25 months the decline was not a record. The Standard & Poor's/Case-Shiller index released Tuesday showed home prices in 20 major cities tumbled by 18.6 percent from February 2008. That was slightly better than January's 19 percent and the first time since January 2007 the index didn't set a record.
But the good news was mixed. All 20 cities in the report showed monthly and annual price declines, but half recorded annual records. Prices fell by more than 10 percent in 15 cities, including Las Vegas, San Francisco and Phoenix. In fact, Phoenix home prices have lost more than half their value since peaking in July 2006. Yet, nine of the metros - including Dallas, Denver and Boston - showed improvement in their yearly losses compared to the month before.
"We will certainly need a few more months of data before we can determine if home prices are finally turning around," said David M. Blitzer, chairman of the S&P index committee.
Rich Patterson, a Dallas RE/MAX agent, said in the last two months he's seen a lot of first-time homebuyers interested in homes up to $250,000. He attributes the increase to low interest rates and the $8,000 tax credit.
"The buyers are still getting good deals, but they're not stealing properties," said Patterson, noting that sellers are cutting their asking price about 4 percent to snag a deal.
Last week, home sales data for March also contained some glimmers of hope for a turnaround. Existing home sales fell just 3 percent from February to March, and new home sales seemed to have hit bottom.
Consumers overall are becoming more optimistic about the economy. The Conference Board said Tuesday that its Consumer Confidence Index jumped more than 12 points to 39.2, blowing past economists' expectations of 29.5.
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SELL vs. RENT
May '09
IRS might help you decide to rent or sell
QUESTION: Our home is worth $100,000 less than we paid for it four years ago. We are moving to take new jobs and can't decide whether to sell now and take a tax loss or rent for a while and hope the market recovers. What would you suggest?
ANSWER: The Internal Reve­nue Service may have answered the question for you since a loss on the sale of a personal residence is not tax deductible.
However, if the property is con­verted to rental or other business use, you may be able to deduct the loss at the time of a future sale.
The same rule applies to other types of property (cars, computer equipment, etc.) that are con­verted from personal use to busi­ness use and later sold at a loss.
If your home is rented, a part of the property (not the land) also will qualify for an annual depreciation deduction. The basis for depreciation is determined based on the fair market value of the property at the time of the conver­sion, rather than your original cost.
Consult your tax adviser for more details before making a fi­nal decision.*
Harry Jones practices estate planning and asset protection law with the Mel­bourne firm McClelland, Jones, Lyons, Lacey & Williams LLC. He can be reached at hjones@mjlandl.com. Send personal finance questions to busi-ness@floridatoday.com.
 
THEWEB: www.2apm.com
May 2009
Newsleter Text
 Foreclosure news
Brevard County foreclosures are still increasing.
See reverse side is an idea for market stabilization.
How Is Our Business
I was fairly certain that our business was declining.
The numbers for year to date (04/10/2008) vs. last year match were surprising.
We have an 18% higher gross income YTD vs. the same period last year.
We thank you for supporting our business.
 
Rentals
Prices are dropping
There are many prospects
Most cannot currently afford rent
Most do not qualify for a lease on credit
We are still incorporating the guarantee options
I do not expect a change anytime in the near future
 
Renting vs. Selling
Sales prices are still declining.
Sales market recovery is not exactly predictable.
It was relayed that a FDIC economist
loosely predicted 2011 for our
first possibility of market stability.
Unfortunately we still have several years worth of excess partially prepared development land awaiting new home build-outs.
 
What To Do
If your property is actually saleable; i.e., liens less that a realistic sales price/appraisal.
Drop under the declining price curve and go for that sale.
 
If not saleable, discuss options
with your attorney.
 
 
  
Here’s Information about Maintaining
 
If you can possibly handle the negative cash flow or hold off a foreclosure, let us work towards keeping the property rented, maintained, and occupied.
That option is not my recommendation as only an owner could weigh their own
relevant factors choosing their on course.
 
 
(back side)
 
 
HERE’S AN IDEA
 
Renting will increase in the near future.
 
Fanny Mae and Freddie Mac will allow foreclosed homeowners to rent back as well as allow renters in foreclosed homes.
 
Now if these agencies’ would just absorb/warehouse the toxic houses/mortgages.
 
How would that occur?
 
Here’s a suggestion for stopping the continuing downward slide in the still failing single FAMILY housing market.
 
Pick and isolate the 10 – 15 of the worst single FAMILY housing markets in the nation.
 
Take the toxic properties into a housing repository allowing owners and/or tenants to rent.
 
These properties would be held off the sales market thru the initial market recovery.
 
As rentals, there would be funds to maintain the properties and the
residents would be there for safe keeping.
 
With great care after a well established recover, a percentage of the previously toxic properties would be sagaciously reintroduced in small numbers at slightly above market prices.
 
Leaving all of those toxic properties on the market just exacerbates the problem.
 
 
 
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Please visit the web and see what is offered.  Should you have some suggestions for the web, please let us know. In the following “REPAIRS” section, the subject of repayment for our advanced funds is mentioned.  The web has a “make a payment” link for an immediate transfer . 
_______________
March 2008 NEWSLETTER
 
OWNERS January NEWS LETTER:
 
RENT PROCEEDS
 
Typically, the delivery of your rent proceeds would not be delayed because of Susan’s work schedule or a delay on her part.
Proceeds processing and release of funds depends more upon:
  1. Receipt of check date,
  2. The actual check date,
  3. The type; i.e., personal or cashier’s,
  4. Tenants check reliability,
  5. Days to clear a personal check, and
  6. Non-banking days; i.e., weekends and holidays.
Our tenants are provided a stamped return envelope with their newsletter and are encouraged to return send their post-dated (first of month) check immediately.
Susan actually pre-processes those advance checks suspending the deposit and clearing process; i.e., depositing checks on the first and releasing funds based upon the other factors such as a reasonable clearance period.
The first and last week of the month are the most intense work period for us. 
While other property managers may wait until the 20th uniformly to disburse funds, our system releases your funds based upon the information you have been provided.
We receive no interest or remuneration other than our property management fee and the process is simply based upon business experience.
While almost all owners seem accepting of our process, we have had some unnecessary and repetitive questioning on a monthly basis.
 
SEASONAL RENTALS
I am not impressed by the number and quality of seasonal rental prospects.   We will be here and available to respond to prospects or Realtors with prospects.  Our goal is to get your seasonal rentals occupied as well as recover the advertising funds expended on advertising.  We are hoping the new web site will also have an impact.
 
PALM BAY OWNERS
There are just under 500 MLS rental listing in Palm Bay along with a wealth of privately “for rent” properties.   Many of the currently “for sale” properties are additionally available for rent.  Palm Bay has a record number of “Short Sales”, “Deed In Lieu of Payment”, and Foreclosure actions.  We processed two Short Sales and want you to know that we are ready to help you should that be your choice. 
Simply because we are continuously advertising, we are still finding prospects for properties; however, it is work, even a little strenuous at times.
 
INSURANCE AND REAL ESTATE TAXES
We just got our personal home insurance under control and now have received a cancellation notice timed to our renewal date.  Insurance is a difficult subject for all of us.
While we have been homesteaded for the previous 27 years with a stable tax situation, the rest of you have been tortured of late.  The tax issues to be voted this coming January can be reviewed on the web site under taxes.  I am hopeful that the changes will both be approved and bring you some relief and stability.
On the other tax issue, you will receive your 1099’s around the end of January and, again, we would appreciate requests related to any concerns to be processed by all of us in a timely and relaxed manner.  None of us find this issue less than trying!
 
 
Second, I want to assure you that I feel really am blessed to have a business that is successful and capable
of paying for expansion and overhead as well as family support even during our extended market slump. That is only possible as long as we have owner support and, to be sure, we appreciate and value that support.
 
To stay current, we are continuously upgrading our web presence, our lega

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All property listings on this website are subject to the federal and Florida fair housing laws which make it illegal to indicate in any advertisement, any preference, limitation, or discrimination because of race, color, religion, sex, physical or mental disability, familial status, sexual orientation, ancestry, marital status, or source of income. Your local jurisdiction may impose additional requirements. If you have questions about the fair housing laws and housing discrimination, please call the Florida Department of Fair Employment and Housing at 1 (800) 669-9777. or go to http://www.hud.gov/local/fl/homeownership/fairhsg.cfm