Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lizzie Tudor who wrote (13657)	9/14/2003 7:17:11 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

qt..."over my dead body" .... I have never said any thing so silly! qt...All that matters is whether we have a fair tax system at least to me..... A fair tax system in your eyes may not be the majorities idea of fair.

To: Lizzie Tudor who wrote (13657)	9/15/2003 6:15:09 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

lizzie, funny how you don't think prop 13 is "fair" but you think hiding options from the business expense sheet is "fair." :-) prop 13 is fair. nobody is "freeloading." they just aren't paying the stupid high property tax that current buyers are happy to pay - or they wouldn't buy. it isn't my fault today's buyer's aren't the brightest bulbs in the batch. why should i pay for their bad decisions? prop 13 will eventually get eroded, but don't be naive to think you will get a "break" from your current contract with the state. the state officials are addicted to money like crack addict is addicted to crack. they'll go after commercial properties first. not sure when, but they will. also, be careful what you wish for. it is not wise to bite off your nose to spite your face. lots of folks can't afford today's insane property tax assessments. they'll move out. they'll sell. all at about the same time. there are only so many nuts with money to soak up the sales... so housing values will drop to more reasonable levels. imho, reasonable is about 1/2 of what they CURRENTLY go for in the bay area. is causing others to pay more for their homes worth the hit you'll take in equity? my guess is no. ps - seems you'd also support the repeal of the mortgage tax deduction, too, right? we gotta be "fair" to those renters!