If California is so worried about Real Estate then why don’t they

[ocrenter]

during the bust, the properties with outrageous mello roos will be severely punished.

[desmond]

Californians are paying maximum of roughly 2% property tax…take a look at some of the other “blue” states property tax rates and you’ll see just how good we’ve got it here.

I always love that analogy. Since property values are sometimes 3X higher in Cal than “other blue states” it equals out. Also, what are Cali’s getting compared to the other blue states for their tax dollar? Not much.

[desmond]

Californians are paying maximum of roughly 2% property tax…take a look at some of the other “blue” states property tax rates and you’ll see just how good we’ve got it here.

I always love that analogy. Since property values are sometimes 3X higher in Cal than “other blue states” it equals out. Also, what are Cali’s getting compared to the other blue states for their tax dollar? Not much.

[desmond]

Californians are paying maximum of roughly 2% property tax…take a look at some of the other “blue” states property tax rates and you’ll see just how good we’ve got it here.

I always love that analogy. Since property values are sometimes 3X higher in Cal than “other blue states” it equals out. Also, what are Cali’s getting compared to the other blue states for their tax dollar? Not much.

[desmond]

Californians are paying maximum of roughly 2% property tax…take a look at some of the other “blue” states property tax rates and you’ll see just how good we’ve got it here.

I always love that analogy. Since property values are sometimes 3X higher in Cal than “other blue states” it equals out. Also, what are Cali’s getting compared to the other blue states for their tax dollar? Not much.

[desmond]

Californians are paying maximum of roughly 2% property tax…take a look at some of the other “blue” states property tax rates and you’ll see just how good we’ve got it here.

I always love that analogy. Since property values are sometimes 3X higher in Cal than “other blue states” it equals out. Also, what are Cali’s getting compared to the other blue states for their tax dollar? Not much.

[GoUSC]

Mello Roos makes up for Proposition 13. The fact is allowed propety taxes to rise at no more than 2%, much less than inflation doesn’t keep it in track with the cost of infrastructure improvements. Mello Roos and similar bond instruments are the only way to get streets, curbs, gutters, utilities, built.

If you hate them so much, just live somewhere they don’t have them.

[GoUSC]

Mello Roos makes up for Proposition 13. The fact is allowed propety taxes to rise at no more than 2%, much less than inflation doesn’t keep it in track with the cost of infrastructure improvements. Mello Roos and similar bond instruments are the only way to get streets, curbs, gutters, utilities, built.

If you hate them so much, just live somewhere they don’t have them.

[GoUSC]

Mello Roos makes up for Proposition 13. The fact is allowed propety taxes to rise at no more than 2%, much less than inflation doesn’t keep it in track with the cost of infrastructure improvements. Mello Roos and similar bond instruments are the only way to get streets, curbs, gutters, utilities, built.

If you hate them so much, just live somewhere they don’t have them.

[GoUSC]

Mello Roos makes up for Proposition 13. The fact is allowed propety taxes to rise at no more than 2%, much less than inflation doesn’t keep it in track with the cost of infrastructure improvements. Mello Roos and similar bond instruments are the only way to get streets, curbs, gutters, utilities, built.

If you hate them so much, just live somewhere they don’t have them.

[GoUSC]

Mello Roos makes up for Proposition 13. The fact is allowed propety taxes to rise at no more than 2%, much less than inflation doesn’t keep it in track with the cost of infrastructure improvements. Mello Roos and similar bond instruments are the only way to get streets, curbs, gutters, utilities, built.

If you hate them so much, just live somewhere they don’t have them.

[temeculaguy]

Mello Roos or assessments aren’t the fault of the local government, it is the builder tricking you. Two developments, side by side. Developer A pays for the streets, sidewalks, landscaping and parks, then builds that into the price. Developer B decides to finance all that stuff and have the buyers pay off the loan in a mello roos bond but then can advertise a lower price or have larger profits. So if you paid more for your house in devlopment A to not have mello roos, if there is a baolout for those with mello roos then it is exactly the same as bailing out the subprimes, helping those who made bad choices and punishing those who were prudent. Mello Roos are not demanded by the government, it’s the developer that chooses to set it up, they are more than allowed to pay cash for the infrastructure, they just choose not to sometimes. Personally I’ve owned a number of new homes and have never had one with mello roos, it can be done, it just costs a little more.

[temeculaguy]

Mello Roos or assessments aren’t the fault of the local government, it is the builder tricking you. Two developments, side by side. Developer A pays for the streets, sidewalks, landscaping and parks, then builds that into the price. Developer B decides to finance all that stuff and have the buyers pay off the loan in a mello roos bond but then can advertise a lower price or have larger profits. So if you paid more for your house in devlopment A to not have mello roos, if there is a baolout for those with mello roos then it is exactly the same as bailing out the subprimes, helping those who made bad choices and punishing those who were prudent. Mello Roos are not demanded by the government, it’s the developer that chooses to set it up, they are more than allowed to pay cash for the infrastructure, they just choose not to sometimes. Personally I’ve owned a number of new homes and have never had one with mello roos, it can be done, it just costs a little more.

[temeculaguy]

Mello Roos or assessments aren’t the fault of the local government, it is the builder tricking you. Two developments, side by side. Developer A pays for the streets, sidewalks, landscaping and parks, then builds that into the price. Developer B decides to finance all that stuff and have the buyers pay off the loan in a mello roos bond but then can advertise a lower price or have larger profits. So if you paid more for your house in devlopment A to not have mello roos, if there is a baolout for those with mello roos then it is exactly the same as bailing out the subprimes, helping those who made bad choices and punishing those who were prudent. Mello Roos are not demanded by the government, it’s the developer that chooses to set it up, they are more than allowed to pay cash for the infrastructure, they just choose not to sometimes. Personally I’ve owned a number of new homes and have never had one with mello roos, it can be done, it just costs a little more.

[temeculaguy]

Mello Roos or assessments aren’t the fault of the local government, it is the builder tricking you. Two developments, side by side. Developer A pays for the streets, sidewalks, landscaping and parks, then builds that into the price. Developer B decides to finance all that stuff and have the buyers pay off the loan in a mello roos bond but then can advertise a lower price or have larger profits. So if you paid more for your house in devlopment A to not have mello roos, if there is a baolout for those with mello roos then it is exactly the same as bailing out the subprimes, helping those who made bad choices and punishing those who were prudent. Mello Roos are not demanded by the government, it’s the developer that chooses to set it up, they are more than allowed to pay cash for the infrastructure, they just choose not to sometimes. Personally I’ve owned a number of new homes and have never had one with mello roos, it can be done, it just costs a little more.

[Author]

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