SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pogbull who wrote (7098)11/28/2002 1:43:04 AM
From: MSIRead Replies (4) of 306849
 
Question: re Dr. Parks article - if real assets like gold retain value in the impending financial chaos described by Parks... what about real estate?

I've never owned much gold or gold stocks (only NEM currently) but r.e. is clearly in for some problems in the next 2-3 years. I've got a small rental in a small town in north calif I paid $20k for 20 years ago, and just got my tax bill: $2,000 per year ! This is up 40% from last year. The kicker is, because of Calif's Prop 13 only a couple hundred is actual property tax -- the majority is carefully described as "voter approved bonds" etc.

Since the states and local govt's are going broke fast, any property we still own of any kind attachable by the state is going to be hit with drastic taxes and fees, up to the pain threshhold, and beyond
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News