Byline: MICHAEL BRAGA firstname.lastname@example.org
The University of Florida land economist says Florida's real estate market is not going to receive anything approaching the jolt it needs to recover from its depressed state.
Most real estate agents and homeowners contacted by the Herald-Tribune agreed with Thrall's analysis.
Sure, there are some non-homesteaded buyers who will benefit from the legislation passed Thursday, and they will be encouraged to buy.
But homesteaded homeowners are not likely to give up their protections under Save Our Homes legislation. That means they will stay right where they are and do nothing to stimulate the real estate market.
At the same time, snowbirds, landlords and small business owners on barrier islands may get so angry about being ignored by lawmakers that they will put their homes, rental properties and businesses up for sale, further contributing to the glut of inventory choking the Southwest Florida market.
Some, including Sarasota landlord Geraldine Holmes, believe the failure to provide relief to the groups most affected by rising taxes during …