[meadandale]

@Josh
“Prop 13 is a totally different animal. It sets unfair taxation policies that favor one type of resident over another, even though all residents demand civic services.”

You should read the link I posted above as well as this one:

http://www.hjta.org/content/ARC000024D_Prop13.htm

NN. We all get the same services, but I pay more. How can this be fair?

A. In California, just like other states, services have never been related to the amount you pay in property taxes. If services were tied to what you paid, you might see four fire trucks assigned to a costly home while only one would protect a less expensive residence.

In fact, property taxes are not allocated for specific services. They go into the general fund along with other taxes and it is local public officials who determine how the money will be spent.

Or

NN. That’s easy for your to say, you’re still paying less than I am.

A. That may be true, but I’ve been paying for years. It’s the neighbors that were here ahead of you that paid for all these local improvements you now enjoy.

[meadandale]

@Josh
“Prop 13 is a totally different animal. It sets unfair taxation policies that favor one type of resident over another, even though all residents demand civic services.”

You should read the link I posted above as well as this one:

http://www.hjta.org/content/ARC000024D_Prop13.htm

NN. We all get the same services, but I pay more. How can this be fair?

A. In California, just like other states, services have never been related to the amount you pay in property taxes. If services were tied to what you paid, you might see four fire trucks assigned to a costly home while only one would protect a less expensive residence.

In fact, property taxes are not allocated for specific services. They go into the general fund along with other taxes and it is local public officials who determine how the money will be spent.

Or

NN. That’s easy for your to say, you’re still paying less than I am.

A. That may be true, but I’ve been paying for years. It’s the neighbors that were here ahead of you that paid for all these local improvements you now enjoy.

[meadandale]

Prop 13 slows property turnover?

I guess that’s why we are at the tail end of a housing frenzy that saw a large portion of existing housing change hands causing it’s tax basis to be reassessed.

My next door neighbor is in his eighties. He bought that house when it was new in 1954 for about 15k. Should he be paying the same amount in tax as me? That’d mean that he was paying more than 25% of his original cost for the house in taxes every year. Would that make you feel better? Of course, that’d probably mean that he and his wife wouldn’t be able to live there anymore since they are on fixed incomes and they’d probably have to be put in a home, which would be paid for with YOUR tax dollars? Still feeling better?

Last time I checked my property tax bill, the largest majority of the money was paying for school bonds; funny, because I’m single and don’t have any kids yet I’m subsidizing the schooling of everyone else’s. Yet apparently I’m the one not paying their fair share?

Yup, seems right to me….

[meadandale]

Prop 13 slows property turnover?

I guess that’s why we are at the tail end of a housing frenzy that saw a large portion of existing housing change hands causing it’s tax basis to be reassessed.

My next door neighbor is in his eighties. He bought that house when it was new in 1954 for about 15k. Should he be paying the same amount in tax as me? That’d mean that he was paying more than 25% of his original cost for the house in taxes every year. Would that make you feel better? Of course, that’d probably mean that he and his wife wouldn’t be able to live there anymore since they are on fixed incomes and they’d probably have to be put in a home, which would be paid for with YOUR tax dollars? Still feeling better?

Last time I checked my property tax bill, the largest majority of the money was paying for school bonds; funny, because I’m single and don’t have any kids yet I’m subsidizing the schooling of everyone else’s. Yet apparently I’m the one not paying their fair share?

Yup, seems right to me….

[meadandale]

All you prop 13 haters should read this:

http://www.hjta.org/content/ARC000024B_Prop13.htm

And, if you feel like paying more taxes, feel free to break out the checkbook and send some extra dollars to Arnie and the boys in Sacramento. If you aren’t willing to do that than you have no credibility with the “taxes aren’t high enough” song and dance.

[meadandale]

All you prop 13 haters should read this:

http://www.hjta.org/content/ARC000024B_Prop13.htm

And, if you feel like paying more taxes, feel free to break out the checkbook and send some extra dollars to Arnie and the boys in Sacramento. If you aren’t willing to do that than you have no credibility with the “taxes aren’t high enough” song and dance.

[meadandale]

@Ash Housewares

Are you actually a homeowner? It seems unlikely.

Even with prop 13, the government has had a WINDFALL of higher property taxes over the last decade and they are STILL IN THE RED!!! Would you like to risk your capital investment in a home if you thought that greedy politicians viewing higher property taxes as a cash cow would raise your taxes to a level that you couldn’t pay potentially pushing you out of your house (and causing you to lose your investment)??

[meadandale]

@Ash Housewares

Are you actually a homeowner? It seems unlikely.

Even with prop 13, the government has had a WINDFALL of higher property taxes over the last decade and they are STILL IN THE RED!!! Would you like to risk your capital investment in a home if you thought that greedy politicians viewing higher property taxes as a cash cow would raise your taxes to a level that you couldn’t pay potentially pushing you out of your house (and causing you to lose your investment)??

[meadandale]

“You’ve gotta be kidding me dude. That’s not FAIR!”

It’s all fair when you are making money on overinflated housing but god forbid the market corrects….

[meadandale]

“You’ve gotta be kidding me dude. That’s not FAIR!”

It’s all fair when you are making money on overinflated housing but god forbid the market corrects….

[meadandale]

Yeah, almost 1 mill for a 2500 sq foot lot and a shotgun style three story house.

I love how the slide show on the listing shows all kinds of lifestyle shots of mission beach intermixed with shots of the property. I guess when you’re asking an unreasonable amount for a property you have to upsell ‘location, location, location’.

[meadandale]

Yeah, almost 1 mill for a 2500 sq foot lot and a shotgun style three story house.

I love how the slide show on the listing shows all kinds of lifestyle shots of mission beach intermixed with shots of the property. I guess when you’re asking an unreasonable amount for a property you have to upsell ‘location, location, location’.

[meadandale]

@sdrealtor

10 years ago you could rent a two bedroom apartment for $800. Now most studios and almost all one bedrooms (anywhere I’d want to live) are over $1k.

[meadandale]

@sdrealtor

10 years ago you could rent a two bedroom apartment for $800. Now most studios and almost all one bedrooms (anywhere I’d want to live) are over $1k.

[meadandale]

@eye-pod

Yes you can borrow money from your 401k but if you borrow the money, it’s not in the account getting market gains. Assuming the market is performing well, the interest you pay on the money you loan yourself will fall WELL short of what that money would have gained through the market if it was adequately invested.

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