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NotCranky.
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June 5, 2007 at 1:30 PM #56794June 5, 2007 at 1:30 PM #56817
drunkle
Participanthow much did re appreciate in the 90’s? compared to how much re appreciated in the 00’s?
big difference, one is livable, the other isn’t.
June 5, 2007 at 1:37 PM #56800(former)FormerSanDiegan
ParticipantPerry – Your link to a George Chowderhead article might be a first time there was a positive mention of him on this board.
Interesting angle on the property tax issue for seniors.Also, for those interested, the counties currently accepting Proposition 90 are Alameda, San Diego, Santa Clara, Los Angeles, Orange, San Mateo and Ventura.
More details here …
http://assessor.lacounty.gov/extranet/guides/prop6090.aspxJune 5, 2007 at 1:37 PM #56823ParticipantPerry – Your link to a George Chowderhead article might be a first time there was a positive mention of him on this board.
Interesting angle on the property tax issue for seniors.Also, for those interested, the counties currently accepting Proposition 90 are Alameda, San Diego, Santa Clara, Los Angeles, Orange, San Mateo and Ventura.
More details here …
http://assessor.lacounty.gov/extranet/guides/prop6090.aspxJune 5, 2007 at 2:31 PM #56824sdcellar
Participantdrunkle– Can’t say I understand what you’re asking/saying.
June 5, 2007 at 2:31 PM #56847Participantdrunkle– Can’t say I understand what you’re asking/saying.
June 5, 2007 at 2:32 PM #56820ParticipantSee, I don’t view the tax break as favorable. Why the hell should seniors get a break? Sure, I’d feel differently if I were over 55, but I’m sure there are plenty of other entitlements I’d like to suck money out of…
It’d be hypocritical to my beliefs, but I like money.
June 5, 2007 at 2:32 PM #56843ParticipantSee, I don’t view the tax break as favorable. Why the hell should seniors get a break? Sure, I’d feel differently if I were over 55, but I’m sure there are plenty of other entitlements I’d like to suck money out of…
It’d be hypocritical to my beliefs, but I like money.
June 5, 2007 at 2:34 PM #56826ParticipantThat’s funny. As a 40-year old I see this as an opportunity. If we are lucky we will be over 55 some day and can take advantage of this entitlement. Furthermore, we can plan to buy on the cheap within the next few years and lock-in low property taxes for life. The glass is half-full, don’t spill it.
June 5, 2007 at 2:34 PM #56849ParticipantThat’s funny. As a 40-year old I see this as an opportunity. If we are lucky we will be over 55 some day and can take advantage of this entitlement. Furthermore, we can plan to buy on the cheap within the next few years and lock-in low property taxes for life. The glass is half-full, don’t spill it.
June 5, 2007 at 2:38 PM #56832ParticipantI understand. Even though I disagree with it, I’ll rationalize it when I’m 55 by saying I deserve to get some of my money back. I’m hardly wealthy, but I’ve certainly paid a heck of a lot of taxes.
June 5, 2007 at 2:38 PM #56855ParticipantI understand. Even though I disagree with it, I’ll rationalize it when I’m 55 by saying I deserve to get some of my money back. I’m hardly wealthy, but I’ve certainly paid a heck of a lot of taxes.
June 5, 2007 at 3:05 PM #56859waiting hawk
Participant“drunkle– Can’t say I understand what you’re asking/saying”
What he ment to say (I caught it very fast) was that “its different this time”. RE did not shoot as high in the as it did 00-05 and as for the 90’s you could still get by for the long haul as of now most can only get by for a short time, meaning that most need a short term loan to buy the house and cannot live through a downturn.
June 5, 2007 at 3:05 PM #56881Participant“drunkle– Can’t say I understand what you’re asking/saying”
What he ment to say (I caught it very fast) was that “its different this time”. RE did not shoot as high in the as it did 00-05 and as for the 90’s you could still get by for the long haul as of now most can only get by for a short time, meaning that most need a short term loan to buy the house and cannot live through a downturn.
June 5, 2007 at 3:18 PM #56867ParticipantYeah, I kind of got that (as a possible explanation) as well. I’m just not sure how that relates to seattle-relo’s situation. I never saw where they needed appreciation just to keep the house. They might be stuck there, but we don’t know they’re at risk of losing it.
Maybe he was trying to say that since the boom was so big this time that the crash will be harder. Hence, they stand to lose more money and/or it will take longer to recover.
Only drunkle knows…
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