Tax confusion creates ‘serious financial headache’ for South Florida condo developers

Call it the law of unintended consequences.  South Florida condo developers thought they had struck gold when they realized they could finance their luxury towers with hefty, all-cash deposits from buyers. No more worries about an economic downturn scattering investors to the wind. No more begging banks on bended knee for a loan to get a project off the ground.     Read the article……….