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: kikogrey who wrote (30802)	5/6/2005 2:00:58 AM
From: Elroy Jetson	Read Replies (4) of 306849

How can Los Angeles residents even afford the property taxes? It should come as no surprise that the number of home owners who have not paid their property taxes is rising quickly. As I have spoken to new home owners I have learned that it is less expensive for them to incur the penalty for failing to pay the property taxes on time than it is to miss their mortgage payment, obtain a cash advance on their credit card or other means of conserving money. Apparently the County does not act to foreclose on your home for five years so they find this the least expensive way to raise money. All of these home owners who have not paid their property tax have assured me they will pay the taxes the next time they refinance so they have no anxiety about not paying the taxes on their home. .

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