rid the Mello-Roos by legislation--a win-win idea to stimulate housing and general economy?

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Submitted by nocommonsense on October 28, 2009 - 7:48am

Having the government take up the financial responsibility of the Mello-Roos seems like a win-win solution for everyone.

1). First of all, that's the way it should be--nowhere else are homeowners asked to pay for these expenses (school, etc);

2). This immediately reduces the "actual" price of the house by ~10-20%, making it more affordable, hence driving up sales stimulating the housing market;

3). It reduces the financial burden of homeowners, puts more money in their pocket, stimulates consumer spending;

4). The increased tax revenue from the increased consumer spending more than makes up for the government's Mello-Roos spending.

I'd think this proposal will have broard support from homeowners, buyers, builders, AND realtors. Some of us ought to figure out a way to put this initiative on the ballot.

Submitted by Nor-LA-SD-guy on October 28, 2009 - 7:54am.

Not sure the Builders would like this, I like it but I think the builders would lobby hard to defeat it.

Submitted by sdduuuude on October 28, 2009 - 8:00am.

I wouldn't support it. Nor would anyone else not in a Mello-Roos tax area. I don't want to pay the bill for Mello-Roos tax that someone else signed up for.

Submitted by jpinpb on October 28, 2009 - 8:07am.

Good luck getting rid of MR. Took a long time for Prop 13 and they're still complaining about that and wanting to get rid of it. MR was the back door around Prop 13.

Submitted by Nor-LA-SD-guy on October 28, 2009 - 8:17am.

sdduuuude wrote:
I wouldn't support it. Nor would anyone else not in a Mello-Roos tax area. I don't want to pay the bill for Mello-Roos tax that someone else signed up for.

I best way is to find a home without MR next to the tract with the high MR, that way you get to enjoy all the stuff the people in the next tract are paying for.

The guys in the next tract over from me pay almost twice as much tax as we do and we have the same schools and parks they do. (just don't let the neighbors in that other tact know or they get really really mad).

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