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: Think4Yourself who wrote (60179)	8/19/2006 12:53:56 PM
From: 8bits	Respond to of 306849

"What about the ridiculous California property taxes?" Well in Ramsey's example the Californian would be in much better shape because of prop. 13. My taxes on house in Cal, originally purchased for $143,000 were lower than friend's house in Fl originally purchased for $80,000. Of course he didn't have to pay income tax. I think immigration, both legal and illegal combined with increasing restrictions on building have really pushed property prices in California. Property in California is still cheaper relative to salaries than much of India, China, Vietnam, Mexico, etc. The amount of available properties for sale in the SF Bay Area even at very high prices is still substantially less than metro Phoenix, or Dallas which have a smaller population base.