Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (4711)	9/22/1998 3:29:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 67261

*****OTOTOT CA Real Estate >>If you are considering buying property in CA make sure and look into this law because I firmly believe that if it is ever overturned property here will decline dramatically.<< Well it appears that you have a "tax induced" supply limitation on housing which of course has driven property values up disproportionately. Our real estate tax rates here are relatively low, even though we go thru re-assessment. I think you would be shocked to see what 350K will buy you in the St. Louis suburbs compared to your area. That's the "average" price for a very upscale 3500-4000 sq. ft. 3 or 4 bedroom home, tons of amenities and possibly acreage depending on how far out in the county you go. We have plenty of money to fund the schools and the only ones that are substandard are the ones within the city limits (that not due to funding, but deteriorating neighborhoods). I can't even remember the last time we had a tax rate* increase. Property values are stable/rising and the average working person can afford a very nice home here. If CA real estate tax policies "price" enough people out of the real estate market, I can't imagine there wouldn't be serious political pressure to revise the current law. bp