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To: Lizzie Tudor who wrote (4729)	9/22/1998 4:34:00 PM
From: mrknowitall	Read Replies (1) \| Respond to of 67261

<<OT>> Michelle, what about the 50 year-olds who buy houses? Is the law specific to the age of the buyer and seller? I don't think so. In fact, I really think that if a 95 year-old wanted to buy a house there, the taxes would be higher for that 95 year old as well. As for "There are fewer and fewer houses on the market as a result of this law." I assume that the apparent effect of existing homeowners not moving is the rationale you would use for that. I must say there is a strong likelihood of causality. I would submit, however, that the economic opportunity for people who do move and take advantage of the newer tax treatment on homestead sales should have a mitigating effect, as you have indicated "they should" in an earlier post. I'm still trying to determine why that leads you to believe you have a right to ask them to leave if they don't want to? By the way, we'll all be older someday. The idea is to be rich enough not to worry so much about taxes, isn't it? Mr. K.

To: Lizzie Tudor who wrote (4729)	9/22/1998 4:54:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 67261

Michelle, You're confusing me. The 50 year would pay the same tax as a 30 year old if he buys the same home in todays market. The only tax advantage I see for the 50 year old is if he never sells his home and continues to enjoy the lower tax rate. I think the problem the way I perceive it is that there are certain highly desired areas of housing which are fully developed and the older residents see no reason to move. With real estate the three biggest concerns are location, location, location. I agree with you that the real estate taxes should be subject to real valuations. bp