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

To: TH who wrote (196889)	4/19/2009 1:10:09 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

TH, make sure to get your taxes paid up ahead of time, b/c clownifornia is heading down the path of taxation to the max. as one top legislature said, "i don't what the maximum amount of taxes californians will pay, but i do know we aren't there YET." government is broke - even after the single largest tax increase in the history of the nation. and oh yes, they are raising taxes BIG TIME in this recession. the top marginal tax rate is about 10% and it hits at $45k per year.

To: TH who wrote (196889)	4/19/2009 2:17:40 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 306849

hi TH... don't have time to respond too much here (entertaining family) but i want to point out that you REALLY need to take into consideration the taxation issues in CA....my son is visiting right now and he told me that his CA income tax bill this year was THREE TIMES that of his federal taxes additionally, sales taxes have been raised, license fees, gasoline taxes, just about every tax you can imagine across the board is going up at any rate, dear son told me that for the first time he seriously wants to move out of the state... (a difficult though not impossible situation for him work wise since he works in the film industry)....first you had the 'equity refugees' leaving the state, and now i predict, get ready for 'tax refugees'....add on top of that soaring unemployment....so yes the prices continue to soften, but you are going to be tagged to foot the bill one way or the other for the decision to grace CA with your presence.... just something else to consider.... all the best... MD

To: TH who wrote (196889)	4/19/2009 4:54:05 PM
From: Live2Sail	Read Replies (1) \| Respond to of 306849

TH, Long time, no read. "'m still thinking about it, but Vegas just does not have the broad appeal I'm looking for." And Cali has the appealing broads! Self-employed people are coughing up a lung. Even here in Palo Alto, we have a few foreclosures on properties of 1-1.6M. From digging around on the web, it looks like they're self-employed. I communicated with a mid-to-high-end interior designer who has to cough up her rather minty, '93 Porsche 928 GTS to cover costs. For some, desperation has set in. Be that as it may, if I listen to ECRI, (and they have been bery, bery good to me), the economy will be turning up in 3-6 months. The others are correct about the dire tax situation. L2S