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...been haunting Florida, if not many other states, far longer than the recession has. Over the past generation, Florida's explosive but fecklessly managed growth drove up real estate values, and therefore property taxes, beyond the reach of more and more families. In the 1990s the state adopted a "homestead" measure which, when homeowners become eligible for it, caps their assessed property-value increases at 3% a year (part-time residents don't qualify). But when houses are sold, a far higher base assessment usually applies, creating absurd situations in which neighbors with similar properties pay wildly disparate taxes...

Author: /time Magazine | Title: Florida's Property Taxes Go Wacky in Housing Slump | 6/29/2009 | See Source »

Just as important for choosing where to homestead is knowing the local weather - or at least the local temperature. Nobody pretends that the moon will be a thermally comfortable place to live, but few people realize just how punishing its climate extremes are - a torch-like 250 degrees Fahrenheit (120 Celsius) during the day and a paralyzing -382 Fahrenheit (-230 Celsius) at night. What's more, says Garvin, "the moon goes through this dance every 28 days." Those kinds of cycling extremes can be murder on hardware, and until we know more about the hot-cold rhythm...

Author: /time Magazine | Title: U.S. Shoots for the Moon, This Time to Stay | 6/18/2009 | See Source »

Made up of as many as 1,000 adherents of a fundamentalist Mormon sect, Bountiful has been home to clans of polygamists since the arrival in the late 1940s of the homestead's founder, Harold Blackmore, who - according to one account - was drawn to the valley after envisioning it in a dream. Blackmore was part of the Fundamentalist Church of Jesus Christ of Latter-day Saints, which was expelled from mainstream Mormonism in the 1930s. For generations, local farmers co-existed with the polygamists of Bountiful. But this relationship, based on the country tenet "live and let live," grew increasingly...

Author: /time Magazine | Title: Raiding the Polygamists: An Eldorado North of the Border | 1/9/2009 | See Source »

...rental income from a villa in the Dominican Republic. Adding to the tangle of questions was the fact that even as he was living in those New York apartments and being charged less than half what they would have cost on the going market, Rangel was claiming a homestead exemption on a house he owns in Washington, D.C. (See Rangel on the Top 10 outrageous earmarks list...

Author: /time Magazine | Title: Rangel's Troubles Create a Problem for the Democrats | 12/9/2008 | See Source »

...failing cattle ranch in Australia's outback. She meets a roughneck drover (Hugh Jackman) with whom she falls into that mutual dislike which, in movies like Australia, is always True Love's necessary precursor. They begin sparking on the adventurous cattle drive that is required to save the old homestead from their rich and avaricious neighbors. She also inherits Nullah (Brandon Walters), an adorable child of mixed white and aboriginal blood, who needs her love but also needs the mystical wisdom of his grandfather (David Gulpilil), a sort of shaman, who stands about the outback, often on one leg, spouting...

Author: /time Magazine | Title: Australia: Epic Romance Down Under | 11/25/2008 | See Source »

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