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

To: deeno who wrote (141265)	8/15/2008 11:04:39 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

"everytime i read a post fretting about the raises in prop tax in some other state I bask in the warmth of prop 13" When did you buy your house?

To: deeno who wrote (141265)	8/15/2008 11:12:55 AM
From: 10K a day	Read Replies (1) \| Respond to of 306849

Are you basking in the warmth of this? dude is on fire!

To: deeno who wrote (141265)	8/15/2008 11:34:14 AM
From: Metacomet	Read Replies (2) \| Respond to of 306849

everytime i read a post fretting about the raises in prop tax in some other state I bask in the warmth of prop 13. it is the best, fairest tax law ever written. of course it is while enjoying the obscene rise in property values, your relative share of the cost of supporting the infrastructure and services that allowed the appreciation declined proportionately. now the wheels are coming off the california economy as the state resorts to extreme measures to continue to function. so watch that equity melt like bacon fat as the value of california real estate absorbs the reality of values returning to reflect the actual value of the underfunded, diluted "california experience"