[quote=bearishgurl][quote=all] . . . it’s all right.[/quote]
Actually, it isn’t “all right” now and is going to be less “all right” later for property owners within the PUSD.
If I owned any kind of property at all within the PUSD, whether residential, multifamily or commercial, I would be listing it for sale NOW, in hopes I could unload it before the SHTF.
This intractable problem can only get uglier as time marches on.
But far be it from me to attempt to burst the fantasy bubble you seem to be living under …[/quote]
Actually I disagree with you BG. Don’t get me wrong. I TOTALLY agree with you that the PUSD was careless and reckless to do those Capital Appreciation bonds. None of those people should ever hold public office again!
Yes, it WILL cost PUSD homeowners in the far future which is unfortunate. However, taking a closer look at the numbers, you’re not talking about huge amounts of money for the typical owner. I think I read somewhere the average homeowner would pay less than $600 to $700 more per year. Maybe I’m wrong on the exact amount so correct me there if I’m wrong. And even homeowners like me that have $1+ million valued houses will probably pay less than $1,800 per year when it’s all said and done.
The wildcard factor will be if the PUSD remains an excellent school district. Because if it does, then parents will gladly continue to pay the higher tax rates to live in the area. (Heck, even without kids, I’d pay the higher tax rates to live in the area I do…it’s amazing).
I bought where we did in large part to being in the PUSD and I don’t regret living here for a second. In fact, we love love love the area. Mello Roos wasn’t fun but even on those we have pre-paid off. I find it totally worth it to pay the taxes and live in the area and send our kids to the schools here.
It’s not like you’re not getting something for the high taxes we pay. So it all will depend on how viable the PUSD stays in the future, IMHO.
BG, just out of curiosity, why are you so down on this area? I haven’t been around too long on this board but even before I bought it seems like you always looked poorly on much of North County. Is there some personal bias against it?
I don’t think anyone can argue against all the positives of the area/school districts but you seem to be down on it quite a bit so I was just curious about that. You seem to prefer/push Chula Vista. I don’t know much about Chula Vista other than the fact that I’d never have any interest/desire to live there. I know many other like minded families that probably have the same opinion.
But is your preference and comments just based on the fact you live there, it’s more expensive here, and the taxes are lower there? I was just curious about that part.
