Okay, then your mom’s home and your sister’s home are not too dissmilar in value. Your sister must have truly loved her home not to want to have your mom’s home for $3500 yr less (for now … much more as the years go by) in taxes.
SK, per chance, did your mom’s death occur in one of the years where property values were down (2008-2011)?
Thx, and sorry for so many questions. I’m not trying to make any “identification” here and have no way of doing so. I’m just trying to understand the motivation of typical “CA heirs” who pass up an oppt’y for severely-lowered property taxes for the balance of their lifetimes and going forward … and on a property in a very decent neighborhood, at that![/quote]
The house was sold in mid-2006. Sales prices had already started to drop there, they dropped further and now they’ve recovered to just about the same place they were then. Properties there are a great bargain.
I have a question for you BG. I suspect your home is either paid for or close to paid for and you’ve got a shit load of equity. Why don’t you sell your house and buy different house for $150K less? I’m sure there must be a home for $150K less somewhere not too far from where you now live. With that downward move, you would easily save $3,500 a month. If you think my siblings or I should have jumped at the opportunity to save $3,500 a years by moving down, why haven’t you done everything in your power to do that?
