We have heard many times our friends in Canada complaning about their taxes on US soil. This is a dicey situation as if a Canadian does not return to his country within 160 days they may just cut off their cherished health care. Germans for example are a big part of the growth in Lee County and in Cape Coral alone they add over $200 millions a year in business.
Mexicans, specially Argentinians, Venezuelians are buying more then ever and are not to be denied.England and Holland are at the top of countries who invest the most in the USA in Real Estate. Ireland with its new found success since joining the Europeen Common Market has become the top or near top country in Europe for growth, unemployement and overall increase in GNP. India as we have seen is a center for high tech ( though takes away to many jobs from the USA in return ) and also has a reputation buying businesses. Japanese investments, specially in CAL has been tremedous. And here in Florida the NAR should do something to make our state more friendly to foreigners.And lets not forget China.
I am not suggesting that all foreigners should get a full fledged Homestead as US residents do. Perhaps limiting the increase of property taxes on foreigners who have own the same property for the last 3 years to say 5% per year instead of 3% may be a solution.Whatever we do the State of Florida should make our state more friendly to all these foreigners who do spend a large portion of the year here.We are part of a huge Association and perhaps we do not now how much we can accomplish.
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