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Non-Tech : Kirk's Market Thoughts
COHR 178.37-10.1%3:59 PM EST
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To: Kirk © who wrote (7388)8/6/2019 1:07:31 PM
From: robert b furman1 Recommendation

Recommended By
isopatch

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Hi Kirk,

It's all about the struggle for revenue. What do you suppose the real estate taxes on 8 individual family dwellings will be vs. that service station's taxes?

These people don't care about your quality of life.

They want more people living and working within their tax regions. That's what keeps the budget in check.Thus they are doing a good job and can get re-elected - that IS what they care about.

I see it in Houston.

A nice single family home in Belair Texas, several miles south of The Galeria area. They buy a small home built in the 1960's,bulldoze it down and dig a huge basement and go up two stories with a zero lot home.

Being that close to a major corporate headquarters area without a suburban commute of 1.5 hours each way has strong demand and appeal.

Soon you must decide how the quality of your life has diminished and relocate. The bad news is a weather change - maybe. The good news is you'll have a mansion when you reapply your funds, or enjoy the 250,000 one time tax free gain.

Mountains around Tahoe or in Arizona have nice arid temps like Los Altos and are relatively spacious.

I'd guess the only thing to question is when does the top come in. With rates screaming to zero - it might not be far off.

I'm dealing with the same thoughts about my Houston home - I just don't want to pay income taxes in Wisconsin that would result with a residency status change.

Really they are great problems to have - so it comes down to maximizing the walk away price.

Bob
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