The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: techanalyst1 who wrote (12437)	8/16/2003 11:10:15 AM
From: techanalyst1	Read Replies (1) of 306849

And one more thing....... If Buffet paid the same tax rate on his Laguna home as he does on his home in Nebraska, he'd be paying $116,000 per year. I'll bet that Laguna home is assessed for about 250K which means he has owned it for a very long time. Most people who have owned their homes in that neighborhood for that length of time surely are elderly now and don't have the income that Mr. Buffet has. I would bet that most of those people couldn't afford to pay $116,000 per year in property taxes all because they bought their house years ago and it went up in value. Wow.......... imagine getting a new property tax bill in the mail. "We're raising your property taxes from $2200 per year to $116,000 per year (don't be late in making your payments because there is a penalty). TA

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