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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 (38960)	8/24/2005 4:45:05 PM
From: jrhana	Respond to of 306849

I see it happening on a micro personal level here in Palmetto Bay, Florida and also in Georgetown.

To: Lizzie Tudor who wrote (38960)	8/24/2005 8:12:34 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

"The reason all these cities and local municipalities are broke now, vs. being flush with cash in the 90s, is because workers pay a skewed proportion of taxes in the US what with payroll taxes and state/local income and whatnot." Not sure what cities you are talking about. The city I live in is flush with cash from all the property taxes, as are all the nearby cities that people want to live in. Infrastructure is being built like mad here. Parks, trails, road improvements, and other public works are appearing everywhere. Detroit, just 20 miles away, is nearly broke but that is because the local government is morally and financially corrupt and no one wants to live there.

To: Lizzie Tudor who wrote (38960)	8/24/2005 8:43:43 PM
From: CalculatedRisk	Respond to of 306849

Dr. Duy: Another Look at Housing ... economistsview.typepad.com An interesting look at FED / mortgage spread and Current Account Deficit (trade) vs. housing.

To: Lizzie Tudor who wrote (38960)	8/25/2005 7:20:17 PM
From: David Jones	Respond to of 306849

>>>>cities and local municipalities are broke....workers pay a skewed proportion of taxes <<<< True seventy or eighty percent of property tax cities use for staffing here in Cal. Their broke from projecting revenue by using past data and paying high proportions to staffing in paticular retirments. Predicated by politicians 'a.k.a Davis' pandering the vote by bankrupting the very citizens they take oath to support. Although property taxes are really adding to burb cities. It's some large cities that are in a hurt. What is it San Diego and Detroit both are strapped but San Diego is reaping property tax increases but poor old Detroit, for get it. And as I recall San Jose showed a twenty three mil shortage this year and expectation of seventy five next? That may be old news now as long as people pay their property taxs which are mighty.