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The Magna Carta Has Been Repealed [1]
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Date: 2025-02-12
By David Glenn Cox
Years ago, while in Real Estate school we did a whole chapter on Florida land deals. Nearly every shady real estate practice got its start somehow in Florida. Developers want to make the sale and so create underfunded Hoa’s with low, low dues. It’s the Florida way! Sign on the dotted line and the developers have already left the country!
In the wake of the Surfside Condo collapse, the state of Florida moved to right the wrongs of several generations. With mandatory inspections costing hundreds of thousands of dollars bankrupting seniors. The state insurance crisis becomes exacerbated by rising costs of building supplies. The average price of home insurance is now four to six thousand dollars per year with no end in sight. A lot of insurance companies have left the Florida market entirely.
The rising costs of homes and insurance is driving away the lower paid workforce. I remember reading about how West Palm Beach couldn’t get anybody to work at the 7 -11. The wages were too low, and the drive was too long. Nobody who lived around here needed to work at a 7-11. Only now, the problem is becoming statewide.
It looks like a perfect storm is coming. Prices are falling and time on the market is increasing. INVESTORS (One third of the Florida market) are leaving. The market is becoming glutted with inventory. Seniors are becoming frightened. Some condos don’t pass inspection, and the owners are looking at homelessness. Would you buy a house or a condo knowing the insurance cost could double overnight? You might find the house of your dreams only to find you can’t afford the insurance.
Shades of 2008 with streets littered with For Sale signs with no takers. Foreclosures are on the rise. The real question is will it stop at the state line? New Home construction is being cancelled. It’s sometimes called a builder’s economy because when it stops. It stops hard.
Add in Climate Change, and it is a perfect storm. Mistakes of the last century like chickens coming home to roost combined with new mistakes. The State could start a fund and a board of mitigation to help citizens caught in a bind. But being a conservative state, they prefer doing nothing and letting seniors twist in the wind. Thereby creating a fiasco and destroying the future market of retiring seniors. The sun shines in lots of places sweetheart, without the drama or the expense.
With the King determined to tank the economy. Disneyworld becomes Emptyville as tourism (the state’s biggest industry) fades. A state with a reputation for thugs’ bugs and bigots, swindlers and swampland. Florida is beginning to look like a nightmare hunting for a spot to occur. One in four Floridians are already under water both figuratively and literally. They measure home sales in ninety-day increments. Generally, either you sell the property in ninety days, or you let the bank own it in ninety days. More and more Floridians are deciding to let the bank own it for a while.
Maybe you do have $50K or 100K in equity, but the insurance rates have more than doubled and the special assessment will eat that whole. So let the bank own it. Once bitten, twice shy. It’s a self-perpetuating cycle leading to collapse. What does it mean for the rest of the country? Will insurance companies learn from their mistakes in Florida in states such as Texas, Georgia and South Carolina?
If the King prevails in his plan to bludgeon government an enfeebled FEMA might bring you a roll of paper towels maybe, but not much more. No more Federal Flood insurance. (That’s bad!) What you need is private flood insurance if you can get it! I’m sure the giant corporations will be glad to give you a quote for the moment. But no promises for next year. We reserve the right to walk away at any chosen moment. There is no insurance for insurance, except to buy more insurance to protect the insurance you’ve already purchased. Only, now George Bailey has run away with Violet Biggs and left you in the hands of Mr. Potter.
You see if you shoot pool around here with the right people. You can get a full pardon or have your bribery charges dropped. Ask about our package deals! A full pardon plus an ambassadorship of your choice (Some restrictions apply) all for one everyday low, low price! This is just one of the ways Fascism corrupts. There is no law anymore, only money. Criminal judgement based entirely on economic status. Like the Catholic Church in the Middle Ages any crime or sin can be easily expunged, and any indulgence granted over at the cashier’s window.
And the kick in the head irony of it is. The judiciary did it to themselves. They put those in power who would put them out of a job. “You can’t convict me! I’ve got friends! I’ll go over your head! I’ll see the King about this! Then you’ll be sorry. I’ll appeal to my friend’s court. You know… If I wear the Ambassador to say East Botswana. I’d have diplomatic immunity! I could park anywhere I wanted and couldn’t even be arrested for DUI. I’d walk the streets as a royal among the peasants! Where’s my checkbook?”
The King must have been watching Westerns lately. He gives Hamas his cowboy threat to release the hostages by high noon and get out of town or else! “Is that you John Wayne? Is that me?” Our King browbeats the royal puppet pretender on his petty purchased throne in Jordan to take in our King’s fresh baked refugees. But Egypt says, “hell no! Those Palestinians are riddled with Hamas. You’re not going to enrage them by forced deportation and then send them over to my house to start trouble!”
The King proposes ethnic cleansing offering to leave behind enough Palestinians of course to work at the hotels, gift shops and handle the grass on the golf courses. Enough to drive the shuttles busses, rent jet skis on the beach or fetch drinks in served in novelty coconuts with crazy straws. This is King’s land now. There ain’t no law here! The Magna Carta has been repealed. The King answers to no one in Port Royal!
“Fascist education is moral, physical, social, and military: it aims to create a complete and harmoniously developed human, a fascist one according to our views.”
― Benito Mussolini
as seen on TV!
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