Saturday, July 02, 2011

Arborwood, Fort Myers, FL

I hate to think that jadedness has started to set in concerning this project of mine, but it has. I've seen countless acres of half developed land that'll probably sit in the state for the remainder of my lifetime, if not longer.

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Here's a typical thing I've seen countless times: A rancher owns land that he grazes his herd on. He sells the land to a developer, and then the market crashes. The developer, facing paying ass high taxes on residential land, rents the land to a "livestock management" company, who puts the minimum number of cattle on the land to retain the farm tax rate while the developer waits for the market to turn around.

At least the rancher made a pretty penny on the deal. The rest of us, not so much.

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