Lake County, FL listed as one of 10 Florida Counties to suffer most downturn due to Chinese Virus

An Orlando Weekly article reports a study shows that Lake County, FL is one of ten Florida and one of 50 national counties that will suffer the most from foreclosures due to Covid-19.

 

Is it true? We don't know, but we figure that if Lake County cities, the County and School District don't plan for such a crisis, taxpayers will be on the hook for not containing local government budgets. Recently, Mt. Dora laid off some workers, and Eustis postponed a planned referendum for a new Community Center. What is your local City Council or government doing NOW to survive in an era of falling sales taxes, property values, etc.? Ask them!

 

Here is a quote from the recent study and then a link to the article about it.

 

"Just as coronavirus shelter-in-place orders are keeping people stuck at home, many in Florida could face homelessness due to loss of income and other factors, according to a new report."

 

"In fact, the findings, by real estate data-service provider Attom Data Solutions, shows that housing markets in ten of Florida's 67 counties are among the 50 most vulnerable nationwide to the economic impacts of COVID-19. Most are in North and Central Florida, including Osceola, Lake, Flagler, Clay and Hernando. Broward was the highest-ranking South Florida county."

 

https://www.orlandoweekly.com/Blogs/archives/2020/04/10/ten-florida-counties-are-among-the-nations-most-vulnerable-to-home-foreclosures-due-to-covid-19

 

Vance Jochim

FiscalRangers.com 

Apr. 11, 2020