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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (115209)	6/10/2000 12:54:00 AM
From: Amy J	Respond to of 1571821

OT RE: "All my friends that I graduated with bought new cars and bought houses for themselves (maybe significant other, but no roommates to help with the cost). All of them are more broke than when we were in college. I'm set up with roommates paying my mortgage and I'm driving a car with no payments that I've had for 6 years that has 170,000 miles. I hear I made it through school and I deserve better. Morons I say. Instead, I put $12K in AMD and now I'm sitting on about $200K. I'll take that over driving a nice car or having my own house. It's a concept called "delayed gratification" ------ Hi Chic, Excellent post! It's great to see this. Regards, Amy J

To: chic_hearne who wrote (115209)	6/10/2000 2:30:00 PM
From: pgerassi	Respond to of 1571821

Dear Chic: I currently work in Madison. Joe (I think) stated that his property taxes were 1/4 of that in Wisconsin. Here, we pay much more due to the high numbers of poorer people (higher school and welfare costs) in the two counties, Dane (Madison) and Milwaukee. In addition, a big tax break is given to business in that they pay no property taxes for "Plant and Equipment". This naturally forces the taxes higher for residential RE owners. In rural areas, like Platteville, property taxes are closer to 1% or $1,000 on a $100,000 home than 3% or $3,000. Home prices are cheaper as well (An 80 acre farm, house, and outbuildings costs just $75,000 near Clear Lake in NW WI). And thus, apartments cost far less in rent too. In high property tax areas, the buy or rent option is more forcibly in the forget buying range. IMHO, the big break to Plant and Equipment will be repealed LT, say 10 to 20 years to even the landscape between offices (new economy) versus plants (old economy). Pete