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

To: XBrit who wrote (7066)11/25/2002 4:30:36 AM
From: Elroy JetsonRespond to of 306849
 
VLF is approximately based on the depreciated value of an automobile.

I suppose it encourages everyone to drive an older vehicle with outdated emissions equipment.



To: XBrit who wrote (7066)11/25/2002 12:40:40 PM
From: ildRespond to of 306849
 
I think before it was reduced a couple of years ago, CA VLF was 2% of a car value. DMV would figure out depreciated value by reducing the price by somewhat 10% annually. They said that restoring full VLF would get the state 3-4 Bln next year.

Analysis of State and Local Fiscal Problems:

United States: State and Local Fiscal Problems -- How Big a Head Wind?
David Greenlaw (New York)
morganstanley.com


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