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Pastimes : Don't Ask Rambi

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To: Michael Sphar who wrote (4219)	11/2/1997 11:34:00 AM
From: epicure	of 71178

We we we were just sent a nasty 30 thousand + increase in our properties taxes by the county appraiser. We had petitioned for a rollback as our house was appraised way over what anyone would buy it for. Now I have petitioned again. I figure our house is worth about 20K less than they have it appraised for and I can back that up. But I'll have to do this every year apparently, and filing an appeal every year is a bitch. And it is a burden to pay 2% on a Ruby Hill house if you are strapped to live there in the first place. I remember when we started out in our condominium it was a real struggle to get the property tax money twice a year, because we had so little dispoable income. If we bought into Ruby Hill...same problem. Real estate may be a long term game, but we have yet to win it. And in order to win it we would need hyper inflation like we had in the 70's. Do you see that soming back? Gee, shall we all wish for that? I see deflation myself, and the eventual lowering of wages as US wages fall from pressure by lower wages around the world. So who will want to pay 50 to 100% more for my house? No one. Prop 13 is a rip off of the young, there is no justification for such an unfair shifting of the tax burden to the young.

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