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

To: fatty who wrote (12457)	8/16/2003 9:23:30 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

Why can't your parent sell the house and move to a condo? Why should they have to? There is nothing reasonable about a $14,000 RE tax on a 500k house. One has to wonder how it is that the taxing authorities in my state can get by on $3-4000 on a 500k house. The difference has to be poor government management.

To: fatty who wrote (12457)	8/17/2003 4:22:27 PM
From: edward miller	Read Replies (2) \| Respond to of 306849

This is exactly the problem. "If they still lived there, $1200 a month in RE tax would force them to sell their home." The fact that they are NOT living there means they are renting and probably making a bundle due to the tax subsidy while families who need to buy can't buy because the prices are too high. Grace, your parents are exactly the kind of people who need to be weaned from unbalanced taxation to protect those who don't have that special circumstance working for them. Just because they were smart to keep their property to rent, and have been the beneficiaries for years, does not mean that it is right for this to continue indefinitely. Ed