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Benefits of Investing in the Go Zone

Since being destroyed by Hurricane Katrina in the summer of 2005, Biloxi, Mississippi has undergone significant economic growth. Biloxi’s economy is better than it was prior to the storms. Thanks to a shortage of real estate — and government incentives to investing the form of tax breaks (also known as the Gulf Opportunity Zone Act or “Go Zone” Act) — Biloxi will continue to grow over the years.

A critical housing shortage

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With foreclosure season just getting underway in the economy as the housing bubble has begun its unsurprising collapse, it bears some thinking about the current state of the middle class of America, which has been the hardest hit by the drops in housing values. Record foreclosure rates, a record credit bubble, and predatory lending and financial practices dominate the current economic climate, while many homeowners are finally beginning to wake up to many of the discrepancies between what they expect from their government and the market, and what they are actually getting.

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