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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (7065)11/25/2002 3:17:26 AM
From: XBritRead Replies (2) | Respond to of 306849
 
OT:
Well, California's VLF is certainly absurdly low now. I never could understand the frenzy to reduce it in recent years. Also I've never understood why it's so much higher for new cars than old. Do older cars require less highway space or something?

Hopefully they'll raise it back to something reasonable now the state budget has collapsed.

Disclosure: Sierra Club member. Feel strongly about not messing up our planet any more than we did already.



To: Elroy Jetson who wrote (7065)11/25/2002 2:30:53 PM
From: assetlogicRead Replies (1) | Respond to of 306849
 
Autos are a separate way to get more dollars in the state coffers. This 3+% on a real estate sale (not primary residence) is a withholding, even if you only made a dollar profit on the sale. 1031 exchanges are also exempt. I am surprised that I am not hearing more about this. No one seems to know much.


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