http://blogcritics.org/ A sinister cabal of superior bloggers on music, books, film, popular culture, politics, and technology - updated continuously. en Copyright 2005 by the authors Wed, 29 Mar 2006 14:10:02 EST http://backend.userland.com/rss Blogcritics.org custom software http://blogcritics.org/archives/2006/03/29/025750.php#comment-342694 The Homestead Exemption makes it popular for primary residences, but millionaires also buy second homes here, even though the Homestead Exemption doesn't apply to second homes, but those second homes are often purchased with the intent of being used for retirement later down the road. Florida is also a popular place to live because it has no state income tax. -John Mudd <a href="http://insiderealestatejournal.blogspot.com">"Mr. Real Estate"</a> 342694@blogcritics.org Wed, 29 Mar 2006 14:10:02 EST http://blogcritics.org/archives/2006/03/29/025750.php#comment-342661 I believe Florida is a popular place for the rich to buy homes because Florida has a full homestead exemption meaning that in bankruptcy you can't lose your house. In fact you can't lose your house unless you foreclose on a mortgage. I think that is how OJ still has a mansion in Florida, although he owed millions to the Brown family for the civil case: The judgement couldn't touch the home in Florida. 342661@blogcritics.org Wed, 29 Mar 2006 13:33:58 EST