Friday, June 29, 2012

Property Values up In Palm Beach County but NOT in Lake Worth

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Property values have slightly increased in Palm Beach County.

The biggest decrease, a drop of nearly 15 percent in a single year, came in the poor Lake Okeechobee town of Pahokee, followed by Glenridge, Cloud Lake, Belle Glade, Palm Springs, Lake Worth, Greenacres, Palm Beach Shores, Briny Breezes and Lake Park.

As the City of Lake Worth continues to attract people with lower incomes by building more affordable housing, reversing the trend of lower property values is made more difficult. But I am sure that there will still be some blaming it all on Cara Jennings and the minority commission.

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3 comments:

Kimb said...

Come on Lynn, you know we all share in the blame for the demise of the City. Piss poor commission, crappy City Management (no one in particular) bleeding heart citizens wanting to attract the destitute, the poor, the drug addict, the unemployed, and yes the undocumented workers... YES! now you and me are left to hold the bag and make an attempt to rescue the City... call it Lake Worth, Lake Worth Beach, Gayworth some of us have to stick it out, have no other choice.

Anonymous said...

So I guess that small town no development plan that Cara and her friends put in plcae years ago is not working to good for our city. So lets keep everything the same and things will get better.

Anonymous said...

The reason is people do not want to live and buy in a dumpy city like Lake Worth, too much blight, too much crime, too many illegals and drunks. The city needs to clean this city up if they want to attract a higher class of people, to then improve housing stock and then raising home property values. It is the fault of our leaders and rich folks like the one that owns the dump in front of us at 1306 Lucerne, sorry to bring this up again, I am sure the owner hates us, but he is the reason why the city has a low value too, he just thinks is his right to leave a slum property for the rest of us to look at, dealing with all those rats and snakes, a boarded up, often overgrown and graffited, and deplorable hole in the roof caving building, it is no wonder our property values are low, there is just too much blight, most due to slum owners and that high number of poor and people with lack of education.