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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: loantech who wrote (1988)	3/14/2004 11:54:21 AM
From: CommanderCricket	Read Replies (1) of 116555

Loantech, Moved from San Diego (Cardiff) three years ago due to a job relocation and promotion. My taxes in California were very low because I purchased my home back in 1988. Gotta love prop. 13. I was paying less then $3k on a $250k property (1988 price). In 2000, my property taxes were still under $4k. I wouldn't put money back into California real estate. It's nuts, the place I sold in 2000 is now worth over $1 million. jeez.... It's only a matter of time until prop 13 is overturned. I beleive the way property is taxed in California is the number one reason the state is in the mess it is in today. As born and raised Californian, I beleive the state is screwed and glad I got out. Miss the beach in Cardiff though... Michael

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