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Tag: Manatee County

Manatee County commissioners considering countywide curfew

MANATEE COUNTY – On Thursday, April 2, Manatee County issued a press release that said Manatee County commissioners were considering a countywide curfew.

Thursday’s press release said county commissioners would meet at 2 p.m. on Friday to consider a supplemental local emergency resolution that, if adopted, would create a temporary local curfew.

“That would give law enforcement agencies the ability to enforce group gathering restrictions on private property, in conjunction with Governor DeSantis’ Executive Orders 20-91 & 20-92,” Thursday’s press release said.

The press release notes Friday’s meeting will be streamed live at www.mymanatee.org/mga.

It will also air live on the Manatee Government Access channel that can be seen locally on Spectrum channel 644, Verizon channel 30 and Comcast channel 20.

“The county will enforce social distancing guidelines inside the Patricia M. Glass Chambers for the meeting. Members of the public are strongly encouraged to watch the meeting remotely,” the press release notes.

According to Thursday’s press release, county, law enforcement and municipal leaders from each of the county’s municipalities discussed the curfew and private property restrictions during a virtual Emergency Policy Group meeting Thursday morning.

“The group agreed that the additional measures will send a clear message to Manatee County residents that social distancing orders must be taken seriously and are not to be ignored. The proposed curfew would prohibit non-essential travel – travel that is not for food, medicine, essential supplies, employment – from 10 p.m. to 5 a.m., seven days a week. An effective date will be decided during tomorrow’s meeting,” the press release says.

The press release notes the Emergency Policy Group reached a consensus on many parts of the proposed emergency actions, but an official resolution was being drafted by the county attorney’s office to be presented to county commissioners on Friday.

“If commissioners approve the supplemental local emergency resolution, Manatee County Sheriff’s Office and municipal police department officers will have the ability to issue citations to anyone in non-compliance with the Governor’s Executive Order 20-91 & 20-92,” the press release says.

“Law enforcement would also have the ability to cite group gatherings on private property. Under Florida Statute 252.50, those who violate the State Emergency Management Act are guilty of a second-degree misdemeanor and can be served a notice to appear order,” the press release says.

“Currently the county’s COVID-19 restrictions are only enforceable on public property such as public beaches and public boat ramps. County and city officials say the public has largely heeded those restrictions, but group gatherings at private residences – such as vacation rental homes, recreation centers and event halls – continue to pose a public health risk,” the press release says.

According to the press release, County Administrator Cheri Coryea said, “This supplemental emergency resolution would add support to the White House and the Governor’s directive to ‘Slow the Spread’ through April 30, and also helps our local law enforcement, the Department of Health, first responders and the medical community protect our citizens in a more stringent way. If you thought you could save one life by being temporarily inconvenienced during this unprecedented COVID-19 event, wouldn’t you want to?”

MCAT updates

Wednesday’s press release also included updates on other coronavirus-related matters in Manatee County.

The press release said Manatee County Area Transit (MCAT) riders are being asked to limit their trips on county transit, trolley and Handy Bus systems to essential travel only.

The press release notes the following changes will take effect Saturday, April 4:

  • MCAT daily service will continue, but routes will halt at 7 p.m.
  • The Anna Maria Island Trolley and Route 3 serving the Manatee Avenue/State Road 64 corridor will both be reduced to 60-minute service frequency, Monday through Saturday.
    There will be no AMI Trolley service on Sunday until further notice.
  • The Longboat Key Shuttle will cease operation until further notice.
  • The Skyway ConneXion service which connects Manatee County and Pinellas County daily will now operate on Monday, Wednesday, and Friday only.

Riders with questions or concerns can contact MCAT at 941-749-7116.

Miscellaneous updates

The County’s public basketball courts are now closed.

County dog parks remain open but park officials are taking the next step to discourage social gathering by removing the seating areas in the dog pavilions.

View the latest on Manatee County’s community-wide effort to prevent the spread of COVID-19 by visiting www.mymanatee.org/COVID-19 or text ManateeReady to 888-777. You can also follow us on Facebook at www.facebook.com/manatee.county.fl and on Twitter @ManateeGov.

Boaters adapting to new coronavirus restrictions

Boaters adapting to new coronavirus restrictions

ANNA MARIA ISLAND – Those who went boating on Saturday near Anna Maria Island were among the first to do so following the executive order the Florida Fish and Wildlife Conservation Commission (FWC) issued Friday afternoon.

Issued at the direction of Florida Governor Ron DeSantis in response to the coronavirus (COVID-19) pandemic, FWC Executive Order 20-09 sets forth temporary conditions that now apply to boaters using Florida waterways.

While the order remains in effect, recreational vessel occupancy is limited to no more than 10 persons per vessel and recreational boaters must maintain a minimum distance of 50 feet from other vessels.

“This distance provision does not apply to permitted mooring fields, public or private marinas or any other permanently installed wet slips, and does not apply to vessels underway unless they are tied, rafted or moored to another vessel,” the FWC executive order says.

“This shall expire when the Governor’s Executive Order 20-52, expires unless rescinded or superseded at a sooner date,” the FWC order says.

Applicable statewide, the FWC order was issued on Friday, March 27 – one day after the public boat ramps in Manatee County closed.

The Manatee County boat ramp closures provide exceptions for the commercial fishermen still allowed to use the Coquina South Boat Ramp in Bradenton Beach and the Riverside Boat Ramp in Palmetto.

“Commercial fishing operations with a Florida Saltwater Products License (SPL) for commercial fishing will be allowed to launch at the two boat ramps,” said the Wednesday, March 25 press release issued by Manatee County.

The county boat ramp closures do not provide any exceptions for charter captains.

Manatee County officials also closed Beer Can Island – also known as Greer Island – which is actually a peninsula extending under the Longboat Key bridge.

With the FWC executive order and the county boat ramp closures now in effect, many recreational boaters gathered legally offshore of Jewfish Key on Saturday afternoon.

Boaters adapting to new coronavirus restrictions
These boaters gathered near the northern tip of Jewfish Key on Saturday afternoon. – Joe Hendricks | Sun

From the vantage point of the Longboat Pass Bridge, there appeared to be fewer boats in that area than there were on Sunday, March 22. The boats gathered Saturday were less densely clustered and more spread out than what was witnessed during the previous weekend.

The Manatee County Sheriff’s Office Marine Unit patrolled the Intracoastal Waterway waters near Jewfish Key on Saturday afternoon, and there were no boats beached at Beer Can Island.

Boaters adapting to new coronavirus restrictions
Boaters gathered between the City Pier and the Rod & Reel Pier in Anna Maria on Saturday afternoon. – Joe Hendricks | Sun

At the north end of Anna Maria Island, boaters gathered offshore near the City Pier and the Rod & Reel Pier in Anna Maria.

And large numbers of boaters gathered near Passage Key and Egmont Key, north of Anna Maria Island.

Boaters adapting to new coronavirus restrictions
Large numbers of boaters gathered near Passage Key on Saturday afternoon. – Joe Hendricks | Sun

Sarasota boat ramps closed

On Saturday evening, the city of Sarasota announced the closing of two city-owned public boat ramps.

According to the press release the city of Sarasota issued Saturday evening, the city-owned 10th Street Boat Ramps, the City Island Boat Ramps and the Bird Key Park parking lot were closing to the public at 6 a.m. on Sunday, March 29.

The press release noted the closure was “part of emergency orders related to the COVID-19 public health emergency.”

When contacted Saturday evening, city of Sarasota Senior Communications Manager Jan Thornburg was asked if the Manatee County boat ramp closures impacted the city’s decision to close its public boat ramps.

“We’ve seen an increase with boaters who aren’t following the CDC’s social distancing guidelines. We’re not sure where they are from,” Thornburg said.

Thornburg was asked if commercial fishermen will still be allowed to use the two boat ramps closed to recreational boaters.

“Right now, the interpretation is that all commercial fishermen will be exempted. The city attorney may consider revising this emergency order to include this exemption,” Thornburg said.

According to the press release, “Those who do not voluntarily comply with the new emergency orders related to the closure of the boat ramps and the Bird Key Park parking lot may be issued a citation by a sworn Sarasota police officer. A violation would be considered a second-degree misdemeanor.”

Related coverage

 

Public boat ramps in Manatee County closed

 

Social distancing not practiced by some local boaters

Manatee County boat ramps closing Thursday

Manatee County boat ramps closing Thursday

MANATEE COUNTY – Manatee County commissioners announced that the county boat ramps will close on Thursday, March 26 at an emergency meeting today.

Several other coronavirus (COVID-19) related measures were also taken and discussed during Tuesday’s meeting.

Commission Chair Betsy Benac was the only commissioner to attend the meeting in person. The other commissioners participated remotely.

The county issued a press release soon after the virtual commission meeting concluded.

“In an effort to further curb public gatherings on popular beaches and to protect citizens during the COVID-19 public health crisis, Manatee County officials today announced that beach access will be restricted at Beer Can (Greer) Island beginning Thursday, March 26 at 6 a.m. Additionally, county and city-owned boat ramps will close temporarily beginning Thursday, March 26 at 6 a.m. All Manatee County beaches remain closed. Only commercial fishing operations — those with a U.S. Coast Guard Six-Pack Captain’s License and a commercial fishing license — may use Coquina South boat ramp,” the county press release said.

Manatee County boat ramps closing Thursday
These boats gathered near Jewfish Key, near Bradenton Beach and Longboat Key, on Sunday factored into the decision to close the county boat ramps. – Joe Hendricks | Sun

During the emergency meeting, Director of Public Safety Jacob Saur said local first responders and healthcare workers are in short supply of personal protection equipment (PPE) and asked community businesses to help by donating unused N-95 masks, surgical masks and gloves. Businesses interested in donating these items are asked to call 941- 744-3939.

During Tuesday’s meeting, Benac said, “It’s wonderful to get outside but you need to not congregate. Now is not the time to do it. We have to try, even in the short term. The only way we can slow this virus down is by not passing it along to one another.”

Manatee County boat ramps closing Thursday
Manatee County Commission Chairperson Betsy Benac was the only commissioner to attend Tuesday’s meeting in person. – Joe Hendricks | Sun

According to the press release, County Administrator Cheri Coryea said county officials remain hopeful that public buildings, facilities and beaches will open sooner rather than later, but decisions on whether to prolong the closures will be made leading up to April 2, when the President’s initial 15 Days to Slow the Spread campaign expires.

According to the press release, the boat ramp closure applies to the county-owned boat ramps, along with the Holmes Beach boat ramp at Memorial Park and Palmetto’s Riverside Park boat ramp. Emerson Point Preserve will remain open but no vehicles or water vessels will be able to reach the sandy beach launch at the western end of the park.

County leaders stated that social distancing must be observed across the community.

MCAT’s Beach Express and Beach Connection service has been discontinued but the Anna Maria Island Trolley is still operating.

County commissioners extended a local state of emergency by seven days today at 9 a.m. The emergency declaration was one of two items on today’s agenda. The other was a resolution declaring a temporary burn ban due to “hot, dry, parched, drought and windy conditions,” according to the press release.

Under the seven-day temporary burn ban, Manatee County residents may continue to use outdoor cookers or grills as long as they are attended by a responsible adult at all times the unit is burning, cooking or otherwise in use. Fireworks, sparklers, flares, campfires and open burning would all be temporarily prohibited under the burn ban. Residents can expect the burn ban to be renewed weekly until the area receives enough rainfall to decrease the threat of brush fires, according to the press release.

Tuesday’s archived meeting can be viewed online and locally on Spectrum channel 644, Verizon channel 30 and Comcast channel 20.

For more information on Manatee County Government, visit the county website or call (941) 748-4501. You can also follow the county on Facebook and on Twitter @ManateeGov.

Related coverage

 

Social distancing not practiced by some local boaters

 

Island beaches ‘closed’ but still accessible

 

Island bars sobered by governor’s decision

First coronavirus death in Manatee County reported

Updated Monday, March 23 | There are 1,227 reported positive cases of the coronavirus (COVID-19) in Florida and 18 reported deaths, according to the Florida Department of Health’s COVID-19 Data and Surveillance Dashboard. In Manatee County, there are 15 positive cases and one reported death. The age range for the Manatee County cases is 14 to 81 years old, with an average age of 64. Eight of the positive cases are men, seven are women and seven positive cases were hospitalized. Sarasota County has 21 reported positive cases and one reported death. Pinellas County has 41 reported cases and one reported death. Hillsborough County has 75 reported cases and no deaths. The FDOH Dashboard is updated at least twice daily.

MANATEE COUNTY – A Manatee County resident has died after testing positive for the coronavirus (COVID-19).

The Manatee County death reported on Tuesday was the first reported COVID-19 related death in Manatee County.

“One person has died in Manatee County who tested positive for COVID-19,” said the Florida Department of Health (FDOH) press release issued Tuesday evening.

At that time, there were seven COVID-19 related death in Florida, according to FDOH.

This evening, the FDOH announced an eighth Florida death, which was in Clay County.

As of 7 p.m. this evening, the FDOH COVID-19 Data and Surveillance Dashboard listed eight reported COVID-19 cases in Manatee County.

According to the FDOH Dashboard, 45 tests had been administered in Manatee County, with eight positive tests, 27 negative tests and 10 test results still pending. Five of the positive reported Manatee County case were men and three were women. The age range was 61-81 years old. Only one of the eight reported cases in Manatee County was listed as travel-related.

As of 7 p.m., there were 328 reported COVID-19 positive cases in Florida. According to the FDOH Dashboard, there were 80 reported cases in Broward County, 77 reported cases in Miami-Dade County and 21 reported cases in Palm Beach County. Those three southeast Florida counties accounted for 178 of reported positive cases – 54 percent of the reported cases in Florida.

Sarasota County had four reported cases. Hillsborough County had 14 cases.

County buildings closed

On Tuesday, March 17, Manatee County issued a press release announcing several county closings.

“In accordance with the President’s Coronavirus Guidelines for America, which recommend avoiding gatherings of more than 10 people, Manatee County Government will be closing all public buildings to the public for walk-in services for the next 15 days. All buildings will remain closed beginning at 8 a.m. on March 18,” Tuesday’s press release said.

“County staff will continue to serve the public and services will continue to operate. The public is encouraged to conduct transactions with the County online or over the phone whenever possible. Citizens can call 3-1-1 for more information.”
The list of public buildings now closed includes:

  • The County Administration Building;
  • All Manatee County Public Library locations, including the Island Branch Library. Online resources are still available for check out and late materials fines and fees will be forgiven;
  • Manatee County Animal Services locations;
  • T. Bray Recreation Center – all athletic league games and other organized events are canceled;
  • The Bradenton Area Convention Center;
  • All locations for Building and Development Services and Veterans Services;
  • The Utilities Administration Building;
  • The Manatee County Clerk of Court Historic Courthouse;
  • The Manatee County Property Appraiser office.

Manatee County Area Transit services will continue to operate as normal, including Handy Bus services.

In the press release, County Administrator Cheri Coryea is quoted as saying, “Transit Services remain a vital service for individuals without access to essentials such as grocery stores, pharmacies, and medical appointments.”

“Manatee County parks, outdoor amenities, preserves and beaches remain open for now and the public is encouraged to exercise social distancing when out in public places. Under the Governor’s order, beaches may remain open but restricted to 10 persons in each group and a distance of six feet between parties,” the press release said.

In the press release, Coryea said, “This is an hour-by-hour emergency event and should a new directive need to be implemented to further protect the public we will make that call.”

According to the press release, all public county meetings during the next 15 days will be canceled or rescheduled.

Here’s a full list of closures and cancellations.

Manatee County declares state of emergency

Manatee County declares state of emergency

BRADENTON – As a fifth case of coronavirus (COVID-19) was announced in Manatee County today, commissioners declared a state of emergency.

Manatee County Public Safety Department Director Jake Sauer made the announcement during Monday afternoon’s emergency Manatee County Commission meeting.

“We added one today for a total of five residents in Manatee County that have tested positive for COVID-19. We have 25 under public health monitoring within the county,” Sauer said.

“So far in Manatee County, there are zero fatalities related to COVID-19. So far in Florida, there are four deaths. Positive cases, 136. There’s a lot of data coming in and as soon as I say these things they’re already out of date,” Sauer said of those numbers.

Florida has several confirmed COVID-19 cases and exposures related to ports and airports, Sauer said.

He also noted Florida has a large tourist population and a large population of elderly citizens.

“These factors make Florida communities particularly vulnerable to the spread of COVID-19,” Sauer said. “We are nowhere near the peak of this and you should expect to see more cases come online as testing becomes available.”

Sauer stressed the importance of taking precautionary measures that include avoiding large crowds and staying home if you’re sick.

“Moving forward we must all be proactive rather than reactive. It is not a time to panic. It’s a time to plan and prepare. There’s not a supply chain problem and there’s not a supply problem. You do not need to hoard supplies,” Sauer said.

Dr. Bencie speaks

Sauer then deferred to Dr. Jennifer Bencie, director of the Florida Department of Health in Manatee County.

“The new and uncharted territory we’re entering with this disease and the tremendous publicity that it is generating can only deepen concerns. Now is not the time to panic, but a time to unite and a time to practice prevention tips,” Bencie said.

“Although we’re only at the start of this pandemic, with no idea how long it will last, we will surely see this public health event through, just as we have with so many others in the past,” she added.

“As of one o’clock today, Manatee County has seen five cases of the disease. I’m happy at this time there are no deaths in Manatee County due to this illness and that those who have been diagnosed have either recovered or are in the recovery phase,” Bencie said.

“Our team continues to track and monitor anyone who may be at risk for having coronavirus based on symptoms, travel history, contact with those who’ve been diagnosed with the disease and other criteria,” Bencie said.

Bencie said the symptoms of COVID-19 include a fever of 100.4 degrees or higher, a dry cough and shortness of breath.

Bencie encourages anyone who believes they might have contracted COVID-19 to first call the Manatee Health Line or the Florida Department of Health before visiting a hospital emergency room or health care provider.

The Manatee Health Line phone number is 941-242-6649 and is in operation from 8 a.m. to 5 p.m. Monday through Friday. The Florida Department of Health COVID-19 call center in Tallahassee can be reached 24 hours a day, seven days a week at 866-779-6121.

Bencie encourages anyone who has traveled internationally or domestically to places with higher case counts, or those who have come in contact with someone diagnosed with coronavirus, to also call one of the health department phone numbers before going to an emergency room or doctor’s office.

Bencie said this allows health department personnel to interview the caller to help determine if they need to be tested. It also helps prevent a contagious person from walking into a doctor’s waiting room or an emergency room unannounced and unexpected.

Emergency declaration

During Monday’s emergency meeting, county commissioners declared a countywide state of emergency.

Commissioner Steve Jonsson said declaring a state of emergency gives the county a place in line if and when state and federal funds become available regarding the coronavirus outbreak.

“That’s one of the main reasons for a local state of emergency. It really is for tracking and financial purposes,” Sauer added.

No beach or business closings

Commissioner Betsy Benac asked if there were any plans to close the county beaches. Sauer and County Administrator Cheri Coryea said there were currently no plans to do so.

In response to questions from Benac and Commissioner Reggie Bellamy, Sauer said the county does not have the authority to close or dictate hours of operation to privately owned restaurants, bars and businesses. He said that direction would have to come from the state and Governor Ron DeSantis.

Manatee County declares state of emergency
White House Task Force member Dr. Deborah Birx, center, asks for cooperation with coronavirus guidelines.

Federal guidelines announced

About an hour after the county meeting ended, the White House Coronavirus Task Force released a new set of federal guidelines that recommend people not gather in groups larger than 10 people for the next 15 days.

Task force member Dr. Deborah Birx stressed the importance of all Americans of all ages to follow these voluntary guidelines in order to help contain the spread of COVID-19.

Beach umbrella

Tourist tax collections 2019

Here’s a look at tourist tax collections in Anna Maria Island’s three cities. Numbers reflect the approximate change from the same month in the previous year.

2019 tourist tax collections compared to 2018 

January

Anna Maria ↑ 1%

Bradenton Beach ↓ 1%

Holmes Beach  ↑ 6%

Manatee County ↑ 2%

February

Anna Maria ↑ 6%

Bradenton Beach ↑ 12%

Holmes Beach  ↑ 19%

Manatee County ↑ 11%

March

Anna Maria ↑ 6%

Bradenton Beach ↑ 6%

Holmes Beach  ↑ 9%

Manatee County ↑ 9%

April

Anna Maria ↑ 21%

Bradenton Beach ↑ 7%

Holmes Beach  ↑ 5%

Manatee County ↑ 18%

May

Anna Maria ↑ 2%

Bradenton Beach ↑ 2%

Holmes Beach  ↑ 3%

Manatee County ↑ 15%

June

Anna Maria ↓ 1%

Bradenton Beach ↑ 9%

Holmes Beach  ↑ 19%

Manatee County ↑ 57%

July

Anna Maria ↓ 1%

Bradenton Beach ↓ 14%

Holmes Beach  ↑ 19%

Manatee County ↑ 7%

August

Anna Maria ↓ 3%

Bradenton Beach ↑ 2%

Holmes Beach  ↑ 4%

Manatee County ↑ 14%

September

Anna Maria ↑ 2%

Bradenton Beach ↑ 10%

Holmes Beach  ↑ 46%

Manatee County ↑ 20%

October

Anna Maria ↑ 8%

Bradenton Beach ↑ 8%

Holmes Beach  ↑ 50%

Manatee County ↑ 16%

November

Anna Maria ↑ 7%

Bradenton Beach ↑ 6%

Holmes Beach  ↑ 40%

Manatee County ↑ 9%

December

Anna Maria ↑ 1%

Bradenton Beach ↑ 1%

Holmes Beach  ↑ 26%

Manatee County ↑ 15%


The local 5 percent tourist tax is collected from owners of accommodations rented for six months or less who charge the tax to their renters, in most cases, tourists.

Tax proceeds are allocated to Bradenton Area Convention and Visitors Bureau tourism marketing efforts, beach renourishment, tourism-related attractions such as the Bishop Museum and the Bradenton Beach and Anna Maria piers, and administrative costs.

Resort tax increases reflect both increased visitation and improved tax collection efforts. Amounts shown were collected by tourism operators in the month specified and paid to the Manatee County Tax Collector’s Office the following month.

Manatee County numbers include Anna Maria Island cities, Bradenton, the portion of Longboat Key within Manatee County, unincorporated Manatee County and Palmetto.

To anonymously report a rental owner who may not be paying the tax, call 941-741-4809 or click here.

Source: Manatee County Tax Collector’s Office

Reel Time: Scallopalooza, It’s Clamtastic

Reel Time: Scallopalooza, it’s clamtastic

Sarasota Bay Watch’s “Scallopalooza, It’s Clamtastic!” fundraising event is celebrating its 10th anniversary on Feb. 15, 2020.

SBW’s major fundraiser supports the many projects the organization is involved with including its ongoing shellfish restoration project.

After almost a decade at the Sarasota Yacht Club, this year’s event is moving to a larger banquet venue at Sarasota’s Hyatt Regency. At press time, over 300 participants are signed up for the event. Past events were capped at 200 due to space limitations at the Yacht Club.

Monies raised from past events have paid for the introduction of millions of scallop larvae and adult clams into Sarasota Bay from Bradenton to Sarasota with the hope of repopulating our Bay waters with these once-abundant species.

SBW’s restoration effort is growing exponentially, fueled by the interest and concern of the communities surrounding the Bay as well as the determination of its citizens to be part of the solution. The importance of this work has been made all the clearer from the water quality issues that have been plaguing area waters for years.

Hard-shell clam restoration has proven more suitable than scallops to challenging water quality issues while providing a sustainable approach to improving water quality. Sarasota Bay Watch’s restoration program has gained the attention of scientists and community leaders interested in the benefits of the clam’s natural filtration as well as the army of motivated volunteers that have backed the initiative.

This year the effort has been given a tremendous boost by a generous $106,000 donation from the Charles and Marjory Barancik Foundation. These monies are being used to plant one million clams in Sarasota Bay in 2020.

These million clams can filter huge amounts of water every day helping to clean our Bay waters and reduce excess nutrients that may contribute to red tide. They also provide a food source for a plethora of wildlife.

Our Bay and Gulf waters are the key to our robust economy and provide the environment that attracts people and commerce to this region. Sarasota Bay Watch is committed to protecting and preserving the Bay water and the animals that depend on it. Please, join us to help us raise the funds needed to maintain and drive this vigorous level of restoration.

The Scallopalooza event has enjoyed the continued support of the community, proof that the businesses and inhabitants of Manatee and Sarasota counties care about and are willing to tackle this long-term restoration project. Sarasota Bay Watch was initially formed with the mission of protecting and restoring Sarasota Bay’s ecosystem through community education and citizen participation. The spirit of the mission is reflected in the organization’s slogan, “A healthy Bay is everybody’s business.”

Come and join SBW on Saturday, Feb. 15, 2020, for an evening of camaraderie, great food, music and libations at one of Sarasota’s most spectacular venues. The event kicks off with 6 p.m. cocktails, followed by a silent and live auction. Dinner will be served at 7 p.m. The Sarasota Hyatt Regency is located at 1000 Boulevard of The Arts in Sarasota.

Tickets are $100 per person and tables are $850 for 10 people. Tickets can be purchased online. For additional event information contact Ronda Ryan at rondaryan@sarasotabaywatch.org or call (941) 232-2363.

More Reel Time:

 

Reel Time: Fishing bridges, piers and docks

 

Reel Time: The ups and downs of tides

 

Reel Time: We’ll See

Castles in the Sand

Today’s challenge for buyers

There’s a big predicament out there all over the country for home buyers, especially first-time buyers. There’s nothing to buy and, apparently, it’s my generation’s fault.

United States homeowners are staying in their homes much longer than ever. Nationwide, homeowners are remaining in their homes typically 13 years, which is five years longer than they did in 2010, according to Redfin. This fact is keeping the housing inventory low resulting in low sales statistics month after month. Except for the early part of this year, the inventory of homes for sale is now near the lowest level in 37 years of record-keeping, according to the housing data firm CoreLogic, Inc.

You don’t have to be an economist and expert in the housing market to understand that when owners don’t trade up to a larger home for a growing family or downsize when children leave it there are availability consequences. When this happens, which is rapidly becoming a fact, it puts a cap on the number of homes available for buyers either looking to upgrade or just coming into the market.

The baby boomer generation, who are now entering their seventies, is partly to blame for the lack of inventory since many of them are staying healthier later in life, are more active and don’t see any reason to downsize. Some states make it easier for seniors to stay in their homes with generous tax benefits. In most states, once you move you lose that benefit which only encourages senior homeowners to stay put.

In Manatee County, however, there is a program for homesteaded residents that allows homeowners to move to a new home and retain some of the tax benefits of the original home. This is called portability and it gives you the ability to transfer the “Save Our Homes” cap to a new home. The “Save Our Homes” cap is the difference between your market value and assessed value. For example, if the just value of your new homestead property is more than the just value of your old homestead, you will be able to transfer your cap up to the $500,000 limit. This went into effect on January 1, 2008, and allows you two years to make the application for portability. In addition, there is no limit on the number of times you move and apply for portability.

October sales statists from the Realtor Association of Sarasota and Manatee is showing a similar trend in inventory. Here are the numbers.

Both Manatee and Sarasota counties continue the upward drift in sales prices with Manatee doing a little better. The number of closed single-family homes in Manatee County increased by 5% compared to last October. The median sale price for single-family is $325,000, up 9.1% from last year and the average is $396,342, up 7.4%. Sarasota’s single-family median sale prices increased by 5.6% to $285,000 and their average sales price increased by 12.5% to $385,131.

Condos in Manatee County closed 0.5% fewer sales, however, the median sale price increased 0.9% from last October to $192,999 and the average sale price increased 20.2% to $262,724. Sarasota’s condo median sale price decreased 5.7% to $220,352 and their average also decreased by 0.9% to $297,501.

Inventory of available properties continued to drop in Manatee County to a 3.4 months supply for single-family homes and 3.7% for condos, putting additional pressure on the market. Who knows what the inventory future holds and the effect it will have on the upcoming selling season? In the meantime, buyers are just waiting and waiting and blaming their parents and grandparents. Happy Thanksgiving!

More Castles in the Sand:

Mythical credit scores

When did $100,000 not become enough?

Are condos the future of housing?

Castles in the Sand

When did $100,000 not become enough?

Once upon a time if you were earning a six-figure salary you were sitting pretty. You could easily buy a home, make sure your kids went to the right schools and take that one family trip a year. Well, those days are over and have been for a while.

There has been a lot of talk about owning versus renting in the low inventory, high priced real estate market that has taken over most of the country. Some of the newly-minted renters are happy to be renters avoiding the responsibilities, cost and repairs of owning a home. But more and more high-earning Americans who would ordinarily own a home are renting.

In 2019 about 19% of U.S. households with six-figure incomes rented their homes. This is up from about 12% in 2006 according to the Census Bureau data. This increase is equal to about 3.4 million new renters who would have likely been homeowners a generation ago, and builders and investors of rental properties have taken notice.

Two of the largest single-family landlords in the country, Invitation Homes and America Homes 4 Rent, report that their average tenant earns $100,000 a year. These companies and others who are targeting this specific market say they like the high earners who aren’t interested in moving around and are willing to absorb regular rent increases and other financial blips in their lives. These are the people who previously would own a home.

Although a $100,000 income is still comfortably higher than the median household in the country at $63,179 in 2018, it’s still short to get into many homes. Americans today have more debt because of car payments, college loans, health care premiums and credit cards than their parents and grandparents who lived more prudently. Most middle-class Americans accumulated wealth by owning a home which was the great wealth leveler with half of the housing wealth owned by the middle class. This happened right after World War II when owning a home became the expected norm.

But norms change especially in real estate and young singles and families have no qualms about paying high rent for what their grandparents would have considered a waste of money. The danger here is that once you’re in an expensive rental it becomes harder and harder to save the 20% usually required to purchase a home creating a permanent renter class.

All of this said, there are indicators recently released by the Commerce Department that the number of Americans who own a home grew through the summer months. The homeownership rate modestly ticked up to 64.8% in the third quarter from 64.4% a year earlier. This number matches the highest levels in five years and is getting close to the long-run average of 65.2% of people in the country owning homes.

In addition, according to S & P Core-Logic Case-Schiller National Home Price Index, the average national home prices grew 3.2% in the year ending in August up slightly from 3.1% the prior month. And, of course, this is all on the background of still extraordinarily low mortgage rates staying below 4% in most regions on a 30-year, fixed-rate loan.

In the instant gratification world we live in, it’s not surprising that younger generations don’t care a fig about building wealth. That’s a concept so far down the road for many of them it might as well be in a different solar system. But I’m old fashioned, and it bothers me that homeownership may become a victim of the six-figure income. Say it isn’t so.

More Castles in the Sand:

Are condos the future of housing?

The ghosts of real estate

You found the perfect house; now what?

Reel Time: Autres poisson

Reel Time: Autres poisson

When you read about fly fishing in the Georgia mountains, the story usually centers on trout. Whether it’s rainbow trout, brown trout or native brook trout, the narrative either revolves around the fish known as “stockers” or “natives.” The stocked fish are raised in hatcheries and either find their way into public streams or private waters. The so-called natives, small rainbow trout and brook trout, reside in the “high” mountain streams where the water remains cool enough to support them year-round. Of the two, the only true natives are the brook trout that rarely reach 12 inches long.

Anglers that fish these waters have the option to fish the “put and take” trout that are regularly stocked in public streams or pay to fish the “catch and release” private waters that raise impressive double digit “trophy trout.” Over the years I’ve enjoyed some notable days on these North Georgia streams, but recently I’ve been introduced to some of the other local species, including spotted bass, shoal bass, carp and striped bass.

My first introduction to stripers was in the private waters of Unicoi Outfitters in Helen. Last year I fished with owner Jimmy Harris and Georgia fisheries biologist Jeff Durniak and caught a 9-pound striper on a 7-weight outfit. Those fish had migrated from Lake Lanier and reached the dam at Nora Mills in record numbers bolstered by high water from an unusually wet winter season. That was followed by a trip to the “lower” Chattahoochee with Harris and Capt. Henry Cowen where we sight fished carp.

This year I did a float trip on the Chattahoochee below Helen with Unicoi Outfitters guide and assistant manager Wes McElroy for the aptly-named shoal bass. These hard-fighting fish are closely associated with rocky shoals and are uncommon in other habitats due to their unique spawning requirements. They were only described as a separate species in 1999, having been confused as a sub-species of the red-eyed bass. The four-hour float introduced me to a section of the Chattahoochee that features intermittent rapids interspersed with smooth stretches notable for its scenic beauty and lack of development. McElroy also introduced me to the articulated flies he uses for shoal bass. These segmented flies create incredibly life-like patterns that “swim.” We encountered a number of fish along the river but never managed to “hook up.” Still, the experience was one that I will definitely repeat in the future.

On another day I fished the upper reaches of Lake Lanier near Gainesville, Georgia with Harris and Durniak for striped bass and spotted bass. The stripers in Lake Lanier are the source of the fish caught in the upper reaches of the Chattahoochee where they migrate to “spawn” and feed on a variety of forage fish, crayfish and small trout. We arrived at the lake just before the sun crested the horizon and as we launched the boat we noticed fish rising on a nearby point. It only took two casts before I was hooked up to a spotted bass that put up an admirable fight for its size on an 8-pound spinning tackle.

After making a few more unsuccessful casts we headed south on the lake in search of stripers that reach eye-popping proportions, upwards of 40 pounds, on the lake. This was early in the season for the stripers that are regularly found chasing baitfish on the surface under birds. The combination of an unusually hot and dry summer created water temperatures approaching 70 degrees even though the morning temperature had dipped into the low 40s. We still encountered a few fish on the surface and managed several casts near the breaking fish. This fishing reminded me a lot of the “run and gun” tactics we use locally for little tunny. Unfortunately, the winds picked up early and the fish sounded so we were unable to hook up. While I’ve yet to experience the action that makes this lake a mecca for anglers, I did get enough of a taste to keep me coming back.

Now that I’ve been introduced to some of the area’s “other fish,” I look forward to exploring the resource more fully. If you’re interested in the wide range of angling opportunities in the north Georgia mountains contact Unicoi Outfitters at 706-878-3083 or visit their website. Capt. Henry Cowen can be reached at 678-513-1934 or visit his website.

More Reel Time:

Reel Time: A home away from home

Reel Time: Spain – Seville and Andalusia

Reel Time: Spain – Basque Country and Andalusia

Castles in the Sand

The ghosts of real estate

I never really believed in ghosts and evil spirits. It was always fun to talk about other people’s experiences at parties but since I never had any first-hand knowledge it was just that, fun until it wasn’t.

Anna Maria Island has its share of ghost sightings including haunted restaurants, even one with a ghost cat. Hotels have had sightings – how about a bride ghost – and, of course, Coquina Beach has its resident ghost. Naturally, some clever entrepreneurs have packaged these events into entertaining tours around the Island, so you can get up close and personal. But if you’re selling your property and you think you may have a ghost, what do you do?

Thankfully, Florida absolves property owners of the responsibility of disclosing paranormal activity in homes or the fact that a crime was committed in a home. In addition, the seller does not even have to disclose that their property was suspected to be the site of a crime. Further, a seller has no obligation to disclose homicides, suicides or deaths that occurred on the property. Basically, you can sell your property with all the ghosts, ghouls and goblins as an added bonus.

Florida is one of more than 20 states with laws that say agents and sellers won’t be held liable for failing to mention that 20 years earlier a wife stabbed her husband in the home’s master bedroom, for instance, or the possibility of paranormal activity. Our state does not consider these events material facts and therefore property owners are not subject to possible lawsuits down the road; you can do absolutely nothing within the law. However, in plenty of other states, you may be legally required to say something about your haunted house, deaths, suicides or crimes.

To me it does sound a little unnecessary to disclose deaths in a property; after all, how does an aged grandfather dying comfortably in his bed impact the structural integrity of a home. Even more unfair is a home that has no past history, but rumors have taken over facts and turned it into a stigmatized property that now has to be disclosed to potential buyers. This has happened in cases of celebrity or well-publicized events like the home where JonBenet Ramsey lived. Owners of some so-called stigmatized properties have even resorted to changing the property address in an effort to remove some of the stigma. Unfortunately, since you can’t prove the unproven, sellers are stuck and must disclose in states that require it.

As a general rule, it’s always better to disclose everything you know about a home, whether or not the law requires it. It will give your buyer a sense of honesty that is always important in a business transaction and will allow you to move out with a clear conscience knowing you’ve done the right thing.

My up close and personal ghost experience happened in a 17th-century hotel in Rome. Although I never actually saw a spirit, they did move several things around and made a copy of The New York Times disappear and then reappear in the exact spot. It was enough to give me the creeps and start paying closer attention to cocktail party talk.

If you’re selling your home and you think that it may be stigmatized in any way, ethics should prevail; if it makes you uncomfortable probably a good thing to disclose it even though you’re not obligated. Have a boo time on Halloween!

More Castles in the Sand:

You found the perfect house; now what?

Is homeownership threatened?

Real estate market disruption

Concerns raised over horse waste in bay

Pinellas County bans water horses

Updated Oct. 25, 2019 | PALMA SOLA CAUSEWAY – Pinellas County commissioners have banned horses from aquatic preserves in the county, impacting a popular tourism business that also rents horses at Palma Sola causeway in Manatee County.

C Ponies offers rides in an aquatic preserve in Tampa Bay near the Sunshine Skyway Bridge in Pinellas County, and in Palma Sola Bay and along its narrow causeway beach in Manatee County. Activities include beach rides, water rides and “horse surfing,” standing on horses while they swim. Other horse rental businesses in Pinellas County also are affected.

“We only have one body of water to protect. We only have one planet to save. Once it’s destroyed, it’s destroyed,” said Pinellas County Commissioner Janet Long, a former competitive horseback rider.

The commission pinned its 5-1 decision Tuesday on evidence – including aerial photos – that horses trample fragile seagrass in the aquatic preserve, and that horse manure and urine pose a risk to human health.

Citing support for the ordinance from the Florida Department of Environmental Protection (DEP), the Tampa Bay Regional Planning Council, the Tampa Bay Estuary Program and the City of St. Petersburg, the commission also prohibited the unpermitted damage of seagrass in aquatic preserves.

Recognizing the value of the horseback riding businesses to tourism, commissioners voted unanimously to direct county staff to investigate other locations for horseback riding.

Concerns raised over horse waste in bay
Horsesurfing takes horseback riding in the bay to another level. – Cindy Lane | Sun

Manatee County officials have contacted Kelli Levy, Pinellas County’s Environmental Management division director, for a copy of the ordinance, Levy told commissioners, adding, “They will be looking into it as well.”

Bacteria happens

Simply put, horseback riding in the water decreases water quality, Levy told commissioners.

“It’s the wrong activity in the wrong place,” she said.

Tests by DEP and the Florida Department of Health show increased fecal bacteria in waters frequented by horses, Levy said, adding that the bacteria can cause gastrointestinal illness in people exposed to contaminated water through their eyes, ears, nose or cuts.

Florida Department of Agriculture best practices on horseback riding include staying at least 25 feet from water bodies, and the Florida Administrative Code discourages “activities that degrade the aesthetic, biological or scientific values or quality or utility of a preserve,” she said.

Water testing has shown increases in fecal bacteria in the areas where horses are ridden, said Heather Young, an environmental planner for the Tampa Bay Regional Planning Council.

Water Quality Report

Bayfront Park North                                 Poor

Bradenton Beach                                     Good

Coquina Beach North                              Good

Coquina Beach South                             Good

Manatee Beach North                             Good

Palma Sola South                               Moderate

Source: Florida Department of Health

“Nutrients and bacteria are the same thing our local governments are working incredibly hard to reduce,” she said, adding that seagrass restoration has been a group effort among many organizations and governments. “These riding operations are being allowed without permission or oversight. There is no guarantee water quality is not being impacted.”

Seagrass at stake

Randy Reynolds, DEP’s aquatic preserve manager for Tampa Bay, said he has studied the Pinellas County horseback riding area for two years, initially snorkeling, then deciding against it due to the water quality.

He observed damage to shoal grass inconsistent with boat propeller scarring, and damage to turtle grass beds in deeper water.

“I’m convinced it’s the horseback riding, not boats,” he said. “They’re punching holes in the seagrass.”

Pinellas County bans water horses
Water horses are popular on Palma Sola Bay. – Cindy Lane | Sun

Jessica Bibza, a marine biologist and member of the National Wildlife Federation and the Tampa Bay Estuary Program Technical Advisory Council, told commissioners that one in five jobs are directly tied to the health of Tampa Bay.

“I don’t know why this one activity should be exempt,” she said. “We’ve all invested a lot of time and energy and money to restore the bay.”

Horseback riding defended

Commissioner Kathleen Peters defended the businesses, saying she took an anonymous ride to see things for herself.

“They picked up everything” using several rakes and buckets. “The beach was pristine,” she said.

“Many of these horses are rescue horses. These people are taking in abused horses and are giving them an opportunity to exercise in the water,” Peters said, suggesting in vain that commissioners compromise by imposing a permit fee and allowing only one water trail.

Jennifer Osterling, a guide for C Ponies, brought trash to the commission meeting that she said she collected from the bay during trail rides, including six-pack holders and plastic bottles.

Guides educate riders about the environment, she said, while helping veterans, cancer patients, and the horses.

Kimberly Kult of C Ponies said only 10% of the horse waste is deposited in the water, and guides use pool nets and buckets to remove it.

The U.S. Environmental Protection Agency excludes horse waste from the definition of “solid waste,” she said, because horse waste is primarily composed of grass.

The exclusion means that horse waste is not required to be disposed of at a hazardous waste landfill, Levy said, adding, “It can be disposed of in the trash, but it doesn’t mean it’s fit for human health.”

Local concerns

Much like the Sunshine Skyway causeway, the Palma Sola Bay causeway attracts people who enjoy other recreational activities besides horseback riding, including swimming, boating, kayaking, paddleboarding and kitesurfing.

Pinellas County bans water horses
An aerial image from Google Earth show the area where horseback riding is concentrated in Palma Sola Bay.

A representative from the Sarasota Bay Estuary Program told The Sun in July about concerns that horses are impacting seagrass beds in Palma Sola Bay on the northeastern corner of the causeway, where most commercial horseback rentals occur.

Other local organizations that have discussed concerns about horseback riding at Palma Sola Bay include Keep Manatee Beautiful, the Palma Sola Scenic Highway Corridor Management Entity, the Manatee Council of Governments and Sarasota Audubon.

“We do have concerns about horses and dogs on the causeway,” said Ann Paul, a biologist with Audubon’s Florida Coastal Islands Sanctuaries, days before addressing Pinellas County commissioners.

“They’re peeing and pooping, and there’s no cleansing of the water before it gets in the estuary,” she said. “Where they are walking through seagrass, they’re punching holes in the seagrass. People would like to use that stretch of beach and can’t because of horse poop.”

The Florida Department of Health’s Healthy Beaches Program lists moderate water quality in Palma Sola Bay as of the most recent test on Oct. 23. Tests showed poor quality on Oct. 21 based on enterococcus bacteria from fecal contamination on the south side of the bay, which horse proponents point out is across Manatee Avenue from the horseback riding businesses.

Related coverage

Concerns raised over horse waste in bay

Letters: Horses on the causeway

Castles in the Sand

Real estate market disruption

Is there an algorithm in your future? If you’re planning on buying or selling a house, get ready for the future of real estate.

In a world where technology has remade everything from your morning coffee to tracking your investments, the real estate market has remained very old school. Reams of paperwork are the norm and interaction with local real estate professionals is the custom in most markets around the country. It wasn’t that many years ago when local real estate associations opened up multiple listing access to consumers making practically everyone an informed expert. If the availability of multiple listing properties to everyone was a big step, wait until you see what’s coming down the road.

iBuyer computer platforms have been gradually immersing themselves in the real estate market, offering buyers and sellers practically on-the-spot gratification. An iBuyer is a company that uses technology to make an offer on your home instantly. iBuyers represent a dramatic shift in the way people are buying and selling homes, offering a simpler, more convenient alternative to traditional home sales. Just search iBuyers and you’ll be amazed at the hits you get.

Companies like Knock and Zillow are betting big time on the success of these platforms in a world where everyone is too busy to complete traditional real estate transactions. Knock, for example, helps customers buy a new home, usually an upgraded one, and then stages the old home and gets it on the market right away. There are, of course, fees for this service but for many professional couples, it’s worth it.

Zillow and others buy the property after an appraisal and the sellers move on without the hassle of selling. So far Zillow is moving along with its business plan, buying more than 1,500 homes in the second quarter of the year.

Then we have startups who are offering people with good income but not so good credit a way to get into a home. Divvy Homes buys homes then rents the homes to their clients so they can have a place to live, pay rent and build equity towards eventual ownership. This is an idea that has its roots in the real estate industry known as rent with an option to buy, which was a private contract between two parties. It worked for many buyers and sellers in the pre-tech world, especially for difficult-to-sell properties.

Now Divvy and others like Flyhomes are offering high tech plans to fill a need aimed at first-time buyers who are probably already renters. It’s not uncommon for first-time buyers to be faced with student loan debt and little or no savings while they’re getting their careers up and running.

Divvy’s plan is to charge monthly rent with about 20% of the monthly payment going toward equity to buy the property. The monthly rent is higher than what the going rate for a similar rental would be, but equity is being built. Naturally, Divvy makes most of their money from the rent paid.

Flyhomes offers a full-service brokerage, buys the homes for cash giving their clients an edge and then underwrites the potential mortgage. Naturally, there are fees attached to this as well as traditional real estate brokerage commissions.

Ask five different real estate agents what your home is worth and you’ll get five completely different answers. Ask an algorithm what your home is worth and you’ll at least get one answer which may or may not be correct. No matter how you feel about technology getting involved in real estate, we can all agree that it’s definitely a disruption.

More Castles in the Sand:

Fee-fi-fo-fum, do I smell a recovery?

Order out of chaos

Luxury ain’t what it used to be

Bradenton Anna Maria Island Longboat Key

County approves record high tourism budget

ANNA MARIA ISLAND – Manatee County commissioners have approved a record $13.2 million marketing budget for the Bradenton Area Convention and Visitors Bureau (CVB) for fiscal year 2020-21.

Highlights of the 2020-21 CVB budget:

Online/digital marketing            $2.36 million

Sports marketing                        $2.1 million

Advertising agency (Aqua)       $1.23 million

LECOM Park                      $900,000

Florida Railroad Museum   $700,000

Central European marketing $688,714

Allegiant Airlines initiatives $630,000

United Kingdom marketing $628,693

TV/radio ads                       $458,000

Tourism consultant             $310,000

Website management        $300,000

Concert series                    $200,000

Anna Maria Island budget items

AMI Chamber of Commerce Tourist Information Center and Ambassador program         $181,900

AMI Chamber ads                $90,000

Magazine/newspaper ads    $82,050

Symphony on the Sand        $60,000

Sandblast                             $12,000

Source: Bradenton Area Convention and Visitors Bureau

The budget – up 67% from five years ago – is aimed at attracting more visitors to Bradenton, Anna Maria Island and the Manatee County portion of Longboat Key.

The largest overall expenditure is online and digital marketing – more than $2.36 million over two years – reflecting an industrywide departure from print advertising.

Sports marketing ranks second, with $2.1 million allocated, not including another $900,000 in capital improvements for baseball stadium LECOM Park (McKechnie Field).

Other high-ticket items are the Aqua advertising agency ($1.23 million, not including its portion of the online and digital marketing budget), marketing in Central Europe ($688,714) and marketing in the United Kingdom ($628,693).

Budget funding is generated by Manatee County’s 5% tourist tax, paid by visitors to lodging establishments that rent for six months or less. The county spends about half of the tax proceeds on tourism marketing to draw more tourists to the area; 20% of the taxes are allocated to beach renourishment. Other recent uses have included rebuilding fishing piers in Anna Maria and Bradenton Beach.

The Manatee County Tourist Development Council (TDC) voted in June to recommend the budget to Manatee County commissioners for final approval on Sept. 24.

Related coverage

Tourist tax collections 2019

County collecting tourist tax from most Airbnb owners

Castles in the Sand

Order out of chaos

Writing has been compared to bringing order out of chaos, something I try to do weekly on this page, and one of the most chaotic aspects of real estate is the mortgage process, which may be getting even more confusing to the average home buyer.

As confusing as the typical mortgage process is, the relationship of Fannie Mae, Freddie Mac, FHA and Ginnie Mae – entities that are also known as government-sponsored enterprises (GSEs) – to the mortgage market continually contribute to the chaos.

Before we go on, a quick review: Over 50 years ago Congress chartered the government-sponsored enterprises to provide liquidity to housing finance. The GSEs securitized and guaranteed mortgages, freeing up private lenders to provide more loans, making mortgages more readily available to the average home buyer. This created the 30-year, fixed-rate mortgage, which has been the gold standard of housing finance for all these years.

It was a great system until it went off the rails with sub-prime mortgage products partly encouraged by Congress leading to the bursting of the housing bubble and financial collapse in 2008. The American taxpayer was on the hook for $190 billion dollars to keep Fannie and Freddie floating and they have been in government conservatorship since then.

Now the federal government wants to gradually shrink the GSEs and start returning them to private hands. One of the suggested ways is to require them to have additional capital and underwriting standards comparable to private lenders. Will this happen? Maybe, but even if the wheels start to spin in that direction, it will be a long painful process which could turn on a dime subject to the outcome of a national election.

In the meantime, there is a new type of unconventional mortgage that has turned up. It’s called asset-depletion loans or asset-dissipation loans. Basically, they are designed for people who don’t have conventional paychecks, particularly retirees. As long as the borrower’s ability to draw on their assets is not overestimated, the loans can be fine.

Fannie Mae and Freddie Mac do make these loans but only based on a borrower’s 401k assets. However, Fannie and Freddie have eased up on standards for this type of loan, asking for smaller down payments and allowing more debt for borrowers. Again, this creates more risk for the American taxpayers.

So, what else do the gatekeepers of the American housing market have up their sleeve? Well, there is something that many Florida residents will be very interested in. Within the past year, they rolled out a program that would treat manufactured homes the same as it does site-built properties.

This means that a previous market that was difficult to obtain mortgaging for will now operate as a conventional mortgage market. They have also designed mortgages for manufactured homes at lower interest rates than buyers of these properties were previously able to obtain, as well as allowing appraisers to compare manufactured homes to those built on-site when determining value.

This may be a great program for many buyers of manufacturers homes, but in Florida, as we all know, manufactured homes are the most vulnerable in storms. Again, call me crazy, but do we as taxpayers need to assume more mortgage risk?

Fannie Mae and Freddie Mac, as well as all other GSE programs, will go on for a long time before any real change is made. It’s almost impossible to take away something that’s been in effect for so long. All I can do is try to bring order out of the mortgage processing chaos.

More Castles in the Sand:

Luxury ain’t what it used to be

The fun and not-so-fun of selling a home

The fun and not-so-fun of buying a home