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

To: Lizzie Tudor who wrote (7342)	10/5/1998 8:16:00 PM
From: Lady Lurksalot	Read Replies (1) \| Respond to of 67261

Michelle, And I was not speaking to you on a personal level; I meant what I posted in the most general of terms. You speak of recent college graduates not being able to afford to buy a home. Well, for the most part, it has ever been thus here in California (and elsewhere, I am sure). Hardly anyone goes right out and buys the home of their dreams. That's why you see so many ads for "starter homes." One buys what one can afford, in an affordable area, and moves up as one's finances permit. As one moves up in the housing market one's tax basis is adjusted upward accordingly. Again, there are many possibilities for home ownership if one explores what can be accomplished with creative financing--and to the greater benefit of both the buyer and the seller. Incidentally, Proposition 13 kicked in its tax basis from the year of 1975, on. In 1975, California property taxes had already become prohibitive in the economic conditions of that era. Holly