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

To: Live2Sail who wrote (141487)	8/16/2008 6:15:28 PM
From: Man on the moon	Respond to of 306849

I wonder if all those not-cared-about new structures in Florida will have a healthy serving of mother nature in the next few years. Good for certain construction companies in the future? In Florida, Turning a Blind Eye to Hurricanes, New York Times August 16, 2008 nytimes.com

To: Live2Sail who wrote (141487)	8/16/2008 6:42:16 PM
From: XoFruitCake	Read Replies (2) \| Respond to of 306849

"You don't think that everyone should pay the same tax rate? Then let's double your sales tax and make mine zero. As far as stocks go, as long as you are in the same tax brackets, you and the johnny-come-lately will pay the same tax rate on what your gains are. " Our entire tax systems is base on progressive tax. Think of all the tax credit,deduction etc. that make life miserable when we file our tax. And some state has higher state tax and some city even has city tax. No one pay exactly the same tax so why does property tax has to be the same for everyone? And we all use different service from state and city. My kid is done with high school now. One of them go to a private college and the other go to state college.. So why should I get taxed the same way as the guy next door who has 8 kids all go to state college? And what about the guy who call 911 30 times last year.. I think he use more policy service than I do, so he should pay more property tax than I do.. don't you? The only way to make it "fair" in property tax system is fully privatize all the service funded by property tax and we pay for each and everyone of them individually (and of course they will be so expensive that no one can afford to use the services since there are no "sucker" who paid to the systems but never use the service to make it cheaper to the rest of us). Short of privatizing state government and all the city service, we are just debating how to shift the tax burden to various group of residence.. And one system is no better than the other since there always go to be "winner" and loser of each of those tax systems.

To: Live2Sail who wrote (141487)	8/18/2008 2:08:51 AM
From: Peter V	Read Replies (1) \| Respond to of 306849

So I'm on a fixed income, and I buy a house for a set price, with a tax base I can afford, even though I know it goes up 2% a year. Suddenly, my neighborhood becomes a hot market, and the $250K house is now worth $1 mill (that's what happened to my first house from 1996-2006, too bad I sold in 2001). That's a quadruple tax hit on a property that I never anticipated. (tax in LA County on a million dollar home is approximately $1000 a month) Sure, I benefit from having equity and the ability to sell the house for more, but when I sell, the tax base readjusts. Maybe, like somebody said, they should readjust if you mine the equity. But if I'm just living in the house and not taking out HELOCs, why should I get forced out of the house by a quadruple tax increase? Yeah, I know that's how the rest of the country works, but the rest of the country does not suffer from vastly overinflated housing that has gone up so fast nobody can buy a starter home anymore. I live way out in the burbs, and starter houses still cost $600K and up here. How many young families can get together $120K for a traditional LTV?