Posted on 12/13/2006 4:40:07 AM PST by GodGunsGuts
bttt
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Cops, firefighters, EMTs, teachers, highway maintenance workers should never get a raise? New patrol cars, fire trucks, snow plows should never be bought? Emergency services should always work with 1950s technology? Schools should never be wired? The cost of services goes up of necessity. One can choose to live in an impoverished county like some of those in the rural south where there is no tax base but formany of us that's not living.
And, yeah, I've been fortunate but in 1972 $20k a year was big money. I do not know anybody who was working then and is still working today who is not earning a significant multiple of that. I am certain that you were not getting by at 45 on the same income you had at 23.
I have no disrespect for you at all, I just disagree on your idea about real estate taxes.
LOL!
I'm not as interested in their particular sob story (it is sad though) as much as I'm interested in what's happening to the price of housing, ARMs, sales, foreclosures, etc.
bttt
It depends on line of work a lot, too. In some lines of work, you're scenario is true, in others, mine is. Teachers are a good example of those who are better off financially in the Midwest than CA.
I'd have to make at LEAST $180k to consider SoCal's smog, traffic, swarms of illegals and liberals, etc. In my business (mortgages) I dunno, it's possible, but I'm not sure.
Prop 13 is essentially California's version of "rent control."
The problem is, most Californians can't keep up with the cost of California's infrastructure.
Not completely irrelevant. If it drops by as much as described in the article, it could save you a serious chunk of change on your property taxes. Especially in Texas.
It took you a while, but it looks like you're finally catching on d:op
These debt levels are uncharted territory. No precedent to give us guidance on how bad it could get.
You can bet that the Fed and the PPT are monitoring the situation very closely and there is no doubt that this Fed will sacrifice the dollar to save the consumer-led economy from any meltdown.
BUMP
We'd better hope it doesn't get that far because Japanese real estate is down more than 50% over the past 15 years.
That just wouldn't be tolerated here we are not a nation of savers and the Fed abhors deflation.
BUMP
Rent control? So, it is your view no one but the Government owns property. It is never ours, we only "rent" it from the government. And the government should be allowed to raise the rent as often as the market will tolerate, and if you can not pay, get out and let someone else have it.
This country has really gone down hill over the past half century if we have people that belive this is the case.
Obviously private citizens own the property. I used the comparison to "rent control" as a system that favors those who have been in a place the longest irregardless of "market value."
California is an expensive place. You have a lot of goodies to pay for -- roads, complex water systems, a state university system, etc. etc. etc.
Some of these things you may see an unnecessary, but many of them have added value to the homes of the residents.
At the present time California is locked in a death match between Northeast States for the 21st century industries and businesses. Whoever wins gets to not be Detroit.
It is very hard to tell when some posters are lying. One poster claims there 'is no bargain hunting in CT.' The jerk just ignores the fact that median prices just crashed $ 24,000 throughout the state. They just stick their heads in the sand, clinch their teeth and lie.
We were able to save up a lot of money in that farmhouse, and that was BC (Before Children).
You said:
"...some posters are lying. One poster claims there 'is no bargain hunting in CT.' The jerk just ignores the fact that median prices just crashed $ 24,000 throughout the state."
Do you really think that a $24,000 "reduction" is enough to make the Kensington House a "bargain"?
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Kensington House
Mid-Country
Greenwich, CT, USA
Property ID #0361155 15 room(s)
6 bedroom(s)
6 full bath(s)
3 half bath(s)
12,800 sq ft
$11,295,000
This exquisite, newly crafted mid-country Georgian-style home offers 12,500+ sq. ft. of breathtaking interiors showcasing elaborate plaster moldings, grandly scaled public rooms, and state-of-the-art amenities. The sumptuous master suite shares the second floor with 4 en-suite family bedrooms. Lush gardens and bluestone surround the enchanting pool and spa, complete with a fully equipped pool house. An absolute masterpiece.
Picture at:
http://www.siroffices.com/brokerages/greenwich/details.asp?Propertynumber=0361155&quicksearchyn=y&FeatureProp=y&splash=greenwich
...and they're applauding because their property taxes just got lowered with the fall in appraised value going down $140,000...lowering their monthly payments.
Nah...
Realtors are just salespeople. It's the *job* of salespeople to utter whatever words will make a sale. On the other hand, listening to such people is little more than a crutch for the indecisive.
The people who were *wrong*, however, were the doom and gloomers of "inflation."
Inflation means things cost more, like houses. In contrast, when housing prices decline, that's *deflation*. That means that each Dollar is worth more, making prices fall.
Deflation is a very bad thing, which is why people don't like to see home prices decline.
Gimmee a break.
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