Will eliminating property taxes make Florida more affordable?
Summary
Orlando Diaz, president of the Florida Association of Mortgage Professionals, discusses Florida’s housing affordability crisis, driven by high taxes, insurance costs, and in-migration. He details FAMP’s support for a constitutional amendment to raise homestead exemptions and eliminate non-school property taxes over five years. Diaz also critiques recent FHFA changes to condo reserve requirements and the removal of limited review processes, arguing these moves hurt affordability. Finally, he promotes the upcoming FAMP trade show in Orlando.
Topics discussed
ICE Mortgage Technology advertisement
Florida housing affordability crisis and gentrification
In-migration trends from New York and international markets
Property tax constitutional amendment and its implications
FHFA condo reserve requirements and limited review changes
FAMP trade show preview and industry networking
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