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


To: Lizzie Tudor who wrote (12837)8/21/2003 4:52:05 PM
From: GraceZRead Replies (5) | Respond to of 306849
 
Your problem is that you bought the top of a pyramid and you haven't gotten your payout and now you are starting to resent the people who bought in at the beginning.

Work to lower the overall spending. Over and over I've told you that collectively you are all are paying too much. If you concentrate on that you'll do far more good than trying to beat this dead horse of the elderly yeasting off the young. It was the newer buyers that drove up the prices in the first place. Someone sitting on their house for thirty years doesn't drive up prices (thus real estate taxes) , they are driven up by people buying at the margin. Had you said back in 2000, I won't pay these inflated prices that would have been one less million dollar tract home. I did. I moved from CA because I didn't want to spend 50% of my income for a house. I'm not sorry I did that and I'm far better off than my friends who stayed even though they have a ton of home equity (I have investments instead of an expensive house).

They vote for every single program and new regulation because they can't make the connection between voting for that stuff and their ridiculously high cost of living. They want to do good and they assume they are doing it with someone elses's money, someone much richer than themselves. Prop 13 was an effort to do good. Ah, the law of unintended consequences at work again.

BTW the year before Prop 13 was enacted I went to visit my sister in San Diego. She had just moved into a nicer, bigger house in her old neighborhood. She told me everyone was doing that because the way house prices were going up everyone had so much equity in their houses now that they could now use to buy a much nicer house! That and everyone was taking out second mortgages in order to buy vacation homes. None of this crap we talk about going on in CA is new.



To: Lizzie Tudor who wrote (12837)8/21/2003 5:22:55 PM
From: Wyätt GwyönRead Replies (2) | Respond to of 306849
 
the great thing about America is that there is no organized resentment of the rich. instead, there are all these confused middle class people who buy into arguments which actually benefit the elites and hurt themselves (the middle class). thus the middle class does the rich's work--not just the labor, but also the political work. this is a great benefit to the rentier class in America vs similar countries with large income disparities like Brazil. here, the middle class' willingness to be intellectual lackeys of the rich allows for low taxation and the socialization of police-state costs--e.g., the incredibly large prison population in the US, which reduces the security costs to the rich and allows them greater freedom than they would otherwise have, given their enormous theft of national wealth which would instill class resentment in other societies.

unfortunately, even the complacent, poorly educated middle class of the US is likely to sit up and take notice as their real incomes decline in absolute terms, due to the globalization of capital and the widespread availability of extremely cheap labor elsewhere. the rentier class will enjoy widening profit rates on nearly free labor even as the middle class is gutted in the US.

in the long run, this will make it difficult for the middle class to continue to bear an outsized burden in the tax system, as at present. the greedy rentier class will of course not be interested in footing the bill, and thus America is likely to increasingly resemble Brazil on the outside as it now does on the inside.

while hardly conceivable at the present time, with the most ridiculous rich-favoring tax system among developed countries and the greatest socialized police state benefitting the rich scumbags, and led by a half-wit who is himself but a lackey of his rentier masters, i believe in our lifetimes class will start to matter again.



To: Lizzie Tudor who wrote (12837)8/21/2003 5:31:41 PM
From: J. P.Read Replies (1) | Respond to of 306849
 
You're right, everyone else is just arguing their own pocketbook.



To: Lizzie Tudor who wrote (12837)8/21/2003 7:23:55 PM
From: David JonesRespond to of 306849
 
.....yes the infusion of money from silicon valley certainly drove prices here, but the lack of available property put the price escalation on overdrive.....

NOT 13!!

.....Anyway the thing is, I am all for low taxes. My issue is with the folks that use services and down't pay for them.....

All them old folks using the school system, is that the problem.

Lizzie your a walking contradiction.