Housing Outside The Bubble
28 July 2005 - 1:00pm
Already home to real estate speculators, costly South Florida is looking forways to house workers, too.
"Over the last five years the cost of housing in the City of Fort Lauderdale has increased by 50% to 70%... Rising property values in Florida reflect a shift in the U.S. population to states in the Southeast, Southwest and West, according to the U.S. Census Bureau...Concern over gentrification of historically ethnic neighborhoods and the displacement of existing residents is causing Florida cities to implement a variety of mechanisms to ensure a stock of both affordable and workforce housing."
Full Story:
Housing Outside the Bubble
Source:
The Slatin Report, July 27, 2005
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Most devastating is the compounding of the damage by creating new opportunities to the opposition for proposing and passing far-reaching "regulatory takings" legislation.
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