Seeking the opinion of the buyers out there.

[briansd1]

[quote=temeculaguy]Prop 13 was designed to help older homeowners and 30 years later, we will see if it has an effect, but if I was livig in a paid off house with a $50 monthly property tax bill, I don’t know if I’d leave until they carted me off, then my kids would probably think long and hard about selling the only house they will ever be able to have where they essentially don’t have to pay property taxes on.[/quote]

This true.. That’s why I still have a house with low tax basis for retirement purposes….

But the reverse is true if you bought at, or near, the peak. While one might be able to get a downward reassessment, temporarily, one will be reset at the higher tax basis when the market recovers, plus 2% compounded annually from the time of purchase.

That’s why I believe that peak purchase houses will nearly all get “recycled” for mortgage debt and tax reasons.

[briansd1]

[quote=Nor-LA-SD-guy]
You will just have to take my word for it but the Chinese, Those with the spare change are definitely are looking to buy in coastal Socal (inland not so much)
[/quote]

I think that the Chinese will stay in China as their economy provides them better opportunities.

I know Chinese people who are returning to China in search of opportunities.

[briansd1]

[quote=Nor-LA-SD-guy]
You will just have to take my word for it but the Chinese, Those with the spare change are definitely are looking to buy in coastal Socal (inland not so much)
[/quote]

I think that the Chinese will stay in China as their economy provides them better opportunities.

I know Chinese people who are returning to China in search of opportunities.

[briansd1]

[quote=Nor-LA-SD-guy]
You will just have to take my word for it but the Chinese, Those with the spare change are definitely are looking to buy in coastal Socal (inland not so much)
[/quote]

I think that the Chinese will stay in China as their economy provides them better opportunities.

I know Chinese people who are returning to China in search of opportunities.

[briansd1]

[quote=Nor-LA-SD-guy]
You will just have to take my word for it but the Chinese, Those with the spare change are definitely are looking to buy in coastal Socal (inland not so much)
[/quote]

I think that the Chinese will stay in China as their economy provides them better opportunities.

I know Chinese people who are returning to China in search of opportunities.

[briansd1]

[quote=Nor-LA-SD-guy]
You will just have to take my word for it but the Chinese, Those with the spare change are definitely are looking to buy in coastal Socal (inland not so much)
[/quote]

I think that the Chinese will stay in China as their economy provides them better opportunities.

I know Chinese people who are returning to China in search of opportunities.

[sdduuuude]

Many people may be willing to pay a 20% premium to not be a renter. I think that is what is really happening right now.

[sdduuuude]

Many people may be willing to pay a 20% premium to not be a renter. I think that is what is really happening right now.

[sdduuuude]

Many people may be willing to pay a 20% premium to not be a renter. I think that is what is really happening right now.

[sdduuuude]

Many people may be willing to pay a 20% premium to not be a renter. I think that is what is really happening right now.

[sdduuuude]

Many people may be willing to pay a 20% premium to not be a renter. I think that is what is really happening right now.

[Nor-LA-SD-guy]

[quote=briansd1][quote=Nor-LA-SD-guy]
You will just have to take my word for it but the Chinese, Those with the spare change are definitely are looking to buy in coastal Socal (inland not so much)
[/quote]

I think that the Chinese will stay in China as their economy provides them better opportunities.

I know Chinese people who are returning to China in search of opportunities.

[/quote]

While I have seen a little of that (Chinese who cashed out looking to buy investment properties and homes in China), If you think it’s hard for us in the USA to get a good Job, you should try looking for one in china, there are a lot more college grads in china than jobs for them.

There is a lot more Chinese in china looking to buy properties in socal that the other way around.

Even the Chinese gov is looking for U.S.A. properties to invest in rather than treasuries (this last one is just a joke sort of).

[Nor-LA-SD-guy]

[quote=briansd1][quote=Nor-LA-SD-guy]
You will just have to take my word for it but the Chinese, Those with the spare change are definitely are looking to buy in coastal Socal (inland not so much)
[/quote]

I think that the Chinese will stay in China as their economy provides them better opportunities.

I know Chinese people who are returning to China in search of opportunities.

[/quote]

While I have seen a little of that (Chinese who cashed out looking to buy investment properties and homes in China), If you think it’s hard for us in the USA to get a good Job, you should try looking for one in china, there are a lot more college grads in china than jobs for them.

There is a lot more Chinese in china looking to buy properties in socal that the other way around.

Even the Chinese gov is looking for U.S.A. properties to invest in rather than treasuries (this last one is just a joke sort of).

[Nor-LA-SD-guy]

[quote=briansd1][quote=Nor-LA-SD-guy]
You will just have to take my word for it but the Chinese, Those with the spare change are definitely are looking to buy in coastal Socal (inland not so much)
[/quote]

I think that the Chinese will stay in China as their economy provides them better opportunities.

I know Chinese people who are returning to China in search of opportunities.

[/quote]

While I have seen a little of that (Chinese who cashed out looking to buy investment properties and homes in China), If you think it’s hard for us in the USA to get a good Job, you should try looking for one in china, there are a lot more college grads in china than jobs for them.

There is a lot more Chinese in china looking to buy properties in socal that the other way around.

Even the Chinese gov is looking for U.S.A. properties to invest in rather than treasuries (this last one is just a joke sort of).

[Nor-LA-SD-guy]

[quote=briansd1][quote=Nor-LA-SD-guy]
You will just have to take my word for it but the Chinese, Those with the spare change are definitely are looking to buy in coastal Socal (inland not so much)
[/quote]

I think that the Chinese will stay in China as their economy provides them better opportunities.

I know Chinese people who are returning to China in search of opportunities.

[/quote]

While I have seen a little of that (Chinese who cashed out looking to buy investment properties and homes in China), If you think it’s hard for us in the USA to get a good Job, you should try looking for one in china, there are a lot more college grads in china than jobs for them.

There is a lot more Chinese in china looking to buy properties in socal that the other way around.

Even the Chinese gov is looking for U.S.A. properties to invest in rather than treasuries (this last one is just a joke sort of).

[Author]

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