Friday, January 20, 2006
More Congestion for Downtown Ft. Lauderdale
In an effort to "revitalize" downtown, the Fort Lauderdale City Commission has approved a plan to bring in 3,000 new units of housing -- but requires that 450 of them be "affordable."
Back in 1990, all housing in Fort Lauderdale was affordable. But then the city and Broward County approved a "growth-management plan" that was required by the 1985 Florida Growth Management Act. Since then, housing prices have shot through the roof -- something that Fort Lauderdale has in common with most other Florida cities. Before 1995, Florida housing was no more expensive than housing in Houston. Today housing prices are 50 to 100 percent more than those in Houston.
All thanks to urban planners.
Back in 1990, all housing in Fort Lauderdale was affordable. But then the city and Broward County approved a "growth-management plan" that was required by the 1985 Florida Growth Management Act. Since then, housing prices have shot through the roof -- something that Fort Lauderdale has in common with most other Florida cities. Before 1995, Florida housing was no more expensive than housing in Houston. Today housing prices are 50 to 100 percent more than those in Houston.
All thanks to urban planners.
Comments:
It seems to me, it's unmanaged growth for the new 3000 unit construction will bring an additional 669 new autos onto already crowded streets. The price of real estate has been skyrocketing all over the US in the past 5 years and much of it due to low interest rates and speculative buying.
I happen to think $335K for a one bed room condo is still over priced and not really affordable. I can just imagine what a two bedroom will cost.
I happen to think $335K for a one bed room condo is still over priced and not really affordable. I can just imagine what a two bedroom will cost.
Doesn't anyone care about the outrageous property taxes in Broward County???? We are getting ripped off.
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