Kirk's Market Thoughts Message Board

STOCKTALK

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.

Non-Tech : Kirk's Market Thoughts

COHR 194.33

+5.3%

Jan 2 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: robert b furman who wrote (5266)	12/13/2017 6:10:11 PM
From: Kirk ©	Read Replies (1) of 26931

Thanks for the info. I looked up you home on the lake awhile back and it is beautiful at a fraction of the cost here for a typical home. I think your property taxes were 40% higher than mine but someone new buying my home would pay double yours. I saw what happened to my grandmother before our Prop 13 locked in 2% a year gains She and others living on tiny Social Security checks were nearly forced out due to rising property values on a home she built during the depression. Of course renters living on public assistance or working for the government want larger raises and always push for eliminating the prop 13 protections. Anyway, lack of trust in government controlling spending has a lot of us staying put and not downsizing as planned to the point some are talking about letting seniors move and keep our property tax rates. The other problem for me is I've been here since '94 so have enough gains that even with the exemption I'd owe about $1M in taxes which doesn't leave much to buy a nice place unless I leave the state.... and you can never afford to return if you do that! The same people who don't understand how buying a $5 coffee every day, buying lunches out and leasing new cars every few years is what keeps them from building a healthy retirement. They prefer to blame "the rich" and people like you and I who made sacrifices all our working lives to have what I have now due to the miracle of compounding. That is probably not going to change. I think I'll stay where I am at but it is nice to know that if I need a raise, I can leave the state and get it by not paying taxes on my RMDs that will be very nice due in part to things like taking profits in FNSR today. ;)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next