Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: bgill

A friend in upstate NY says many, many old, vacant, small family farms are for sale below dirt cheap, but no one is buying because the property and school taxes are astoundingly high.

He told me about places where the annual property and school taxes are 50% of the asking price.


11 posted on 08/21/2011 9:52:35 AM PDT by Iron Munro (Muslims who advocate, support, or carry out Jihad give the other 1% a bad name)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Iron Munro

NY is a state full of folks too willing to skate on the ice pond owned by others.

Especially when the others are converting the ice ponds into hot baths.

It’s the Devil’s owned, you see.

Very hot, those sulfurous hot baths.


16 posted on 08/21/2011 10:01:47 AM PDT by bvw
[ Post Reply | Private Reply | To 11 | View Replies ]

To: Iron Munro

i bought a few houses in california the last few years
1 for 49k that sold for 275 in 06.
Property taxes are 1.25%
big drop in the tax bill
I got them rented out for 800 a month pretty good return


29 posted on 08/21/2011 11:07:55 AM PDT by genghis
[ Post Reply | Private Reply | To 11 | View Replies ]

To: Iron Munro

“A friend in upstate NY says many, many old, vacant, small family farms are for sale below dirt cheap, but no one is buying because the property and school taxes are astoundingly high. He told me about places where the annual property and school taxes are 50% of the asking price.”

I’m shocked NJ isn’t on the list, for the exact same reason. The taxes are brutal, and nobody can be sure they’ll have a job 3 months down the road, never mind 30 years. The potential buyers know what’s been in the news for years now about our tax burden in NJ, and since many won’t be reproducing anyway, the idea of owning a home makes no sense to them. Condos are still being built here, which can accomodate either a “modern” family (2 cohabitating yuppies and a dog) or twenty illegal aliens, who seem to be the only growing population here.

Who would buy a new home in NJ when there are so many vacant ones on the market? The newest ones come with the highest appraisals (hence highest taxes), and only do well in areas where wealthy people see the high taxes as a way to keep minorities out of their towns/school districts.


35 posted on 08/21/2011 12:51:59 PM PDT by kearnyirish2
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson