Saturday, September 20, 2008

Florida Home Prices Literally Bombing Out

But there is a "terrorist" around the corner!!!

"WWII bombing range has people up in arms" by Travis Reed, Associated Press | September 20, 2008

ORLANDO, Fla. - The corps says it's extremely unlikely any of the buried munitions would detonate, but that's done little to calm nerves. The value of the homes - which originally cost $200,000 to $600,000 - has dropped by at least a third, residents say.

That's compared with a roughly 20-percent decline across Florida caused by the real estate slump. That's if the homes can be sold at all. Some homeowners involved in class-action lawsuits over the site say banks have told them the properties aren't worth anything to lend against.

"This has been a failure of the government," said Ron Cumello, head of a local homeowners' association, during one of several meetings with the corps and local officials. "You guys have to win back our trust."

They will never regain that from me, not after so many things.

The developers, homebuilders, the Army Corps, and local government officials who zoned the land blame one another. Corps officials say they long ago told local governments about the bombs, but current officials say their records were stripped of the information. The homebuilders say no one told them.

Notice how NO ONE takes ANY ACCOUNTABILITY in AmeriKa anymore?

Straight from the TOP!!!!