Things To Do In SW Florida

GENEVA (AP) — Swiss watchmaker Swatch apologized Monday for an ad campaign that upset consumers in China and elsewhere and said it had “immediately removed all related materials worldwide.”

In an image for the Swatch Essentials collection, an Asian male model is shown pulling the edges of his eyelids upward and backward with his fingers — a gesture seen as derogatory and racist, Swiss public broadcaster SRF reported.

Swatch wrote on Instagram that “we sincerely apologize for any distress or misunderstanding this may have caused.” It said it would “treat this matter with the utmost importance.”

SRF reported that the apology was also posted on the Chinese social network Weibo in Chinese and English.

A much-anticipated affordable housing project in downtown Orlando has been mostly stalled for six years after the community land trust leading the effort ran into financial trouble.

Now nonprofit developer Lift Orlando may step in to complete the 30-townhome project in the West Lakes neighborhood that Hannibal Square Community Land Trust could not, according to a report in GrowthSpotter. 

The partially-constructed townhomes are currently a neighborhood eyesore, with rotting wood framing and trash on the ground.

Sandy Hostetter, Lift Orlando’s VP of Asset Development, said the nonprofit has had discussions with the City of Orlando and the lender that foreclosed on the Winter Park-based land trust.

“We’ve been working on this for almost a year now, and our hope is still within the next 60-90 days to make an offer on this parcel,” Hostetter said, adding this development “matters more to me than any development we’re doing.”

Lift Orlando was one of six developers that bid on the city-owned property along Orange Center Boulevard, across from Lift’s Pendana at West Lakes mixed-income community. At the time, the city narrowed the selection to two organizations, Lift and Hannibal Square Community Land Trust. Both proposed building owner-occupied townhomes along the narrow strip of property. read more

In addition to a monthly newsletter covering retirement planning regulations, IRA advisers Ed Slott and Co. also offer an excellent monthly newsletter covering Social Security issues, written by Heather Schreiber.

In the August newsletter, Schreiber covered regulations that relate to limits of Social Security benefits when beneficiaries continue to work prior to reaching their full retirement age (FRA). She includes information from Don Graves, president of the Housing Wealth Institute. He discusses unwelcome results if Social Security beneficiaries who receive benefits from Supplemental Security Income (SSI) or Medicaid don’t follow associated rules.

Earnings tests

Social Security regulations use a two-tiered system for an annual earnings test (AET). There is one limit for individuals who have not reached FRA for the entire year, and there is a higher limit in the year an individual reaches FRA, which applies only up to the month before FRA. In the first tier, there is a yearly limit of $23,400. If an individual earns either wages or self-employed income exceeding that limit, Social Security reduces Social Security benefit by $1 for every $2 earned above $23,400. In the year a worker reaches his FRA, the limit changes to $62,160. The penalty is $1 for every $3 above $62,160. After an employee reaches his/her FRA, there is no longer a penalty. read more

South Florida home sellers are increasingly pulling their houses off the market — frustrated that they’re not finding buyers at their preferred price.

And the tricounty region — encompassing Miami-Dade, Broward and Palm Beach counties — has led this summer in the rate of homes that were delisted as properties sat on the market longer, a recent report shows.

In June, the Miami metropolitan area had the biggest ratio of homes, 59, that were taken off the market per every 100 homes being added, according to a Realtor.com analysis from July that studied the largest metropolitan areas in the country.

The June data was reported a month later “to allow time to determine whether a delisted home was actually sold or truly taken off the market by the seller,” according to the report.

The results of the analysis reflect real estate trends around the U.S. as there are more listings and homeowners not finding buyers who can match their asking prices, the report shows.

Increased inventory

There were over a million active listings last month, marking a new record since the pandemic. read more

When Seminole County launches its new on-demand microtransit service this fall, riders will pay higher fares — more than double in some cases — for a trip in a minivan than they do for a Lynx bus ride, county documents show.

Despite the higher costs, county officials are banking that riders will want to spend more to avoid walking to a bus stop and waiting outside for a Lynx bus that will take them to limited places. The new Scout door-to-door service will pick riders up at their homes or offices and take them nearly anywhere in the county.

“I think it’s going to be more popular than folks getting on a Lynx bus,” Commission Chair Jay Zembower said Tuesday at a board meeting. “It’s certainly going to be more efficient. And I think, at the end of the day, it’s probably going to be much more user-friendly.”

The new, higher fares have not been discussed publicly, and the Orlando Sentinel obtained details Thursday.

Operated by Miami-based Freebee, the new Scout service will start Oct. 15 and eventually replace most Lynx bus routes throughout the county. Seminole will kick off limited service next month to test it out. read more