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Friday, November 3, 2006
Snowbirds no more
Buffalo attorney Allan Lipman is urging New York snowbirds to claim Florida as their home state.
The big reason, of course, is soaring property taxes. Florida residents are eligible for a tax cap under the Save Our Homes amendment to the state constitution.
Lipman’s Web site teaches snowbirds how to become residents of the Sunshine State. He says the switch is a “no-brainer.” After all, they not only get the property-tax cap but also residency in a state with no income tax and, starting Jan. 1, no more intangibles tax on investments.
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You had us until the ‘good time to sell’ part
Unable to get much “positive” play in the press, the National Association of Realtors is taking matters into its own hands with a new ad campaign.
“It’s a great time to buy or sell a home,” blares NAR’s full-page ad, which appears in today’s Wall Street Journal and USA Today and will run in Sunday’s New York Times, Washington Post, Los Angeles Times and Chicago Tribune.
NAR makes a strong case that it’s a good time to buy, at least. Among the ad’s arguments: Mortgage rates remain near historic lows, the record inventory of homes for sale “won’t last” and “prices overall have stabilized.”
None of that sounds like good news for sellers, though.
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