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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (113191)	9/5/2015 2:03:59 PM
From: Elroy Jetson	1 Recommendation Recommended By ggersh Read Replies (1) \| Respond to of 217865

Builders are creating product for the ultra high end because those are the customers who can afford to buy. In an economy where most income and wealth growth are now collected almost exclusively by the top one percent, they are the primary customer. This is why Ronald Reagan reduced income tax rates by 2/3 on the top one percent, and by very little for everyone else, while increasing payroll tax rates. The tax cuts for the wealthiest Americans were funded with the proceeds of the Social Security and Medicare payroll taxes on people who work. Having spent working people's retirement money on income tax cuts for the wealthy, we're told we can no longer afford to support elderly Americans. Really? At what point are you willing to call time-out on this disastrous tax policy and reverse course? When your grandchildren live in mud huts tilling their Overlord's farmlands? The Middle Class was largely an artifact of the progressive income tax structure required to pay for World War II. Australia and Europe still have a strong Middle Class which is not on the ropes - and their tax policy is pre-Reagan. Ronald Reagan's changes to tax policy has proved the Middle Class doesn't have to exist.

To: John Vosilla who wrote (113191)	9/7/2015 7:27:16 PM
From: RJA_	2 Recommendations Recommended By bull_dozer ggersh Respond to of 217865

The disadvantages of RE are: 1. Not portable. If there is a problem, you must leave it behind, provided you can leave. 2. Very, very taxable. I now live in Colorado. Current RE tax on roughly 4k sq ft on several acres, $1900, expect to go to $24 - 2500 next year with rise in prop values. Not good. --but-- compare to our old home in Davie, FL (west Ft. Lauderdale, for those not familiar with Broward County), current tax (on a smaller home, and a smaller lot (but on a small lake)): 2014 property taxes (per Zillow) $9771. Yikes! Now, add in insurance for hurricanes from fly by night unknown company "a" or "b" for how much (just guessing $2 - $4 grand...) and your talking about renting your paid off home from the county and the insurance company for over $1000/month. This appears to be a self limiting ceiling on how high someone might want to go for the privilege of paying taxes and insurance ... never mind maintenance, the homeowners association, lawn care, etc. Meantime last I recon, West Broward was roughly 7 ft above sea level, what's the future in that?