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

To: Metacomet who wrote (141279)	8/15/2008 11:37:33 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

California is so screwed that it isn't even funny. Anyone who has a clue saw this coming a long time ago. California may turn into another Ohio, only with nicer weather.

To: Metacomet who wrote (141279)	8/15/2008 11:47:01 AM
From: deeno	Read Replies (1) \| Respond to of 306849

"while enjoying the obscene rise in property values, your relative share of the cost of supporting the infrastructure and services that allowed the appreciation just sat there" So why dont we tax your stocks if they go up whether you sell them or not? or art? the state gets a 2% raise every year AND WHENEVER someone else buys this insane appreciation the state gets a bonus. the buyer knows what the deal is up front (as I did). win/win. The state spends to much. give them more money they will just waste it. time to pull in the belt NOT raise ANY tax rate. "now the wheels are coming off the california economy as the state resorts to extreme measures to continue to function. " GOOD, excesses must be purged "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" Yea, Ive notice my property values plummeting since prop 13 took effect. But thats ok as im not planning on selling anyway. I tend to live in my home, I actually dont care about the value fluctuations. Maybe 20 years from now I'll care. Prop 13 should be in all 50 states. (except of course yours)