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

To: edward miller who wrote (12515)	8/17/2003 4:44:35 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<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.>> Man, did this statement ever hit a nerve. Edward, my friend, do you realize we live in the United States of America and private property rights are one set of rights we are given as citizens of this country? And now you are saying that holding onto one's property is no longer a right which should be guaranteed? Too many groups already have been whittling away at the property owner's right to do whatever he wants with his property, such as develop it as he sees fit. (witness today's Wash Post story about the Loudoun County, VA, homeowner who has learned that his plan to sell off some of his remaining acres for home development is now prohibited. He had been counting on that money for years. Loudoun County is reportedly the second-fastest growing county in the U.S. and has felt forced to pass stringent slow-growth measures.) Slow growth, yes I can sorta see a need for that. But pressuring a long-time owner to sell out to newcomers just because you say it's not "necessarily" his right to keep his OWNED PROPERTY indefinitely......Holy cow. Also, please note that if taxes are raised for those California property owners who now rent out their properties, they will simply pass on the increased costs to their tenants via higher rents.