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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 (168282)	12/2/2008 1:23:16 PM
From: Live2Sail	Respond to of 306849

Like I said last year, we need to start Logan's Run in CA.

To: Lizzie Tudor who wrote (168282)	12/2/2008 9:50:52 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

Lizzie, i don't see the problem. they bought their home when it was affordable - that's smart. you bought at twice the price knowing full well your tax obligations*. you didn't have to buy. your neighbors didn't make you buy or force you not to buy when they bought. no system is perfect, but the outlier's like a vacant home and a warren buffet benefiting doesn't mean there is a problem with the whole structure. i like california's property tax system a lot. i don't mind paying more for taxes than folks who bought way back when. i like the fact that many folks aren't forced to sell their home because of people acting all stupid in a credit bubble. if you ever get to the point where your property tax is the cheapest around, you'll like the system, too. don't think it can't happen, either. if inflation takes off, it could happen.