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NeetaT
Participant“people usually don’t consider this on going expense…”
Yes, I believe you are correct in your assertion. People seem to be apathetic towards the subject of property tax, maybe because it’s out of one’s control. If San Diego or any other municipality can justify the need to spend two to three times what they spent 5yrs ago, I will listen. But I must confess that if you do the math, there is no way that much money is needed to fund a city. Give the property owners a break and let them spend the saved money on other things. If I were to buy a house now, I would possibly be paying more tax than my neighbor who bought several years ago all for the same sub standard services. I realize that very few people share my view including my wife.
Participant“people usually don’t consider this on going expense…”
Yes, I believe you are correct in your assertion. People seem to be apathetic towards the subject of property tax, maybe because it’s out of one’s control. If San Diego or any other municipality can justify the need to spend two to three times what they spent 5yrs ago, I will listen. But I must confess that if you do the math, there is no way that much money is needed to fund a city. Give the property owners a break and let them spend the saved money on other things. If I were to buy a house now, I would possibly be paying more tax than my neighbor who bought several years ago all for the same sub standard services. I realize that very few people share my view including my wife.
Participant“people usually don’t consider this on going expense…”
Yes, I believe you are correct in your assertion. People seem to be apathetic towards the subject of property tax, maybe because it’s out of one’s control. If San Diego or any other municipality can justify the need to spend two to three times what they spent 5yrs ago, I will listen. But I must confess that if you do the math, there is no way that much money is needed to fund a city. Give the property owners a break and let them spend the saved money on other things. If I were to buy a house now, I would possibly be paying more tax than my neighbor who bought several years ago all for the same sub standard services. I realize that very few people share my view including my wife.
Participant“people usually don’t consider this on going expense…”
Yes, I believe you are correct in your assertion. People seem to be apathetic towards the subject of property tax, maybe because it’s out of one’s control. If San Diego or any other municipality can justify the need to spend two to three times what they spent 5yrs ago, I will listen. But I must confess that if you do the math, there is no way that much money is needed to fund a city. Give the property owners a break and let them spend the saved money on other things. If I were to buy a house now, I would possibly be paying more tax than my neighbor who bought several years ago all for the same sub standard services. I realize that very few people share my view including my wife.
Participant“people usually don’t consider this on going expense…”
Yes, I believe you are correct in your assertion. People seem to be apathetic towards the subject of property tax, maybe because it’s out of one’s control. If San Diego or any other municipality can justify the need to spend two to three times what they spent 5yrs ago, I will listen. But I must confess that if you do the math, there is no way that much money is needed to fund a city. Give the property owners a break and let them spend the saved money on other things. If I were to buy a house now, I would possibly be paying more tax than my neighbor who bought several years ago all for the same sub standard services. I realize that very few people share my view including my wife.
ParticipantI hope interest rates skyrocket. If a 10% interest rate means fewer people qualify, this should hasten the downturn.
I would rather own a $200k home at 10% than a $400k home at 5%. This just means lower property tax which is an overwhelming burden to homeowners.ParticipantI hope interest rates skyrocket. If a 10% interest rate means fewer people qualify, this should hasten the downturn.
I would rather own a $200k home at 10% than a $400k home at 5%. This just means lower property tax which is an overwhelming burden to homeowners.ParticipantI hope interest rates skyrocket. If a 10% interest rate means fewer people qualify, this should hasten the downturn.
I would rather own a $200k home at 10% than a $400k home at 5%. This just means lower property tax which is an overwhelming burden to homeowners.ParticipantI hope interest rates skyrocket. If a 10% interest rate means fewer people qualify, this should hasten the downturn.
I would rather own a $200k home at 10% than a $400k home at 5%. This just means lower property tax which is an overwhelming burden to homeowners.ParticipantI hope interest rates skyrocket. If a 10% interest rate means fewer people qualify, this should hasten the downturn.
I would rather own a $200k home at 10% than a $400k home at 5%. This just means lower property tax which is an overwhelming burden to homeowners.December 13, 2007 at 5:15 AM in reply to: The government should get out of the business of providing 100% money-back guarantees #115828Participant“For mortgages, I’d actually like to see the GSEs scale back to an 80% guarantee up to $417,000. If a lender wanted to take the risk on that last 20%, they would be free to do so. However, most likely, this would force lenders to go back to requiring 20% down and we would quickly see the home-buying market go back to normal.”
Isn’t this the way banks are headed? I mean back to the 20% down concept. I haven’t heard anything corroborating what I hope happens, but it seems like the logical thing to do. Practicing this concept may be the only way to assure investors that they are making a good investment in the mortgage bundles.
December 13, 2007 at 5:15 AM in reply to: The government should get out of the business of providing 100% money-back guarantees #115960Participant“For mortgages, I’d actually like to see the GSEs scale back to an 80% guarantee up to $417,000. If a lender wanted to take the risk on that last 20%, they would be free to do so. However, most likely, this would force lenders to go back to requiring 20% down and we would quickly see the home-buying market go back to normal.”
Isn’t this the way banks are headed? I mean back to the 20% down concept. I haven’t heard anything corroborating what I hope happens, but it seems like the logical thing to do. Practicing this concept may be the only way to assure investors that they are making a good investment in the mortgage bundles.
December 13, 2007 at 5:15 AM in reply to: The government should get out of the business of providing 100% money-back guarantees #115992Participant“For mortgages, I’d actually like to see the GSEs scale back to an 80% guarantee up to $417,000. If a lender wanted to take the risk on that last 20%, they would be free to do so. However, most likely, this would force lenders to go back to requiring 20% down and we would quickly see the home-buying market go back to normal.”
Isn’t this the way banks are headed? I mean back to the 20% down concept. I haven’t heard anything corroborating what I hope happens, but it seems like the logical thing to do. Practicing this concept may be the only way to assure investors that they are making a good investment in the mortgage bundles.
December 13, 2007 at 5:15 AM in reply to: The government should get out of the business of providing 100% money-back guarantees #115996Participant“For mortgages, I’d actually like to see the GSEs scale back to an 80% guarantee up to $417,000. If a lender wanted to take the risk on that last 20%, they would be free to do so. However, most likely, this would force lenders to go back to requiring 20% down and we would quickly see the home-buying market go back to normal.”
Isn’t this the way banks are headed? I mean back to the 20% down concept. I haven’t heard anything corroborating what I hope happens, but it seems like the logical thing to do. Practicing this concept may be the only way to assure investors that they are making a good investment in the mortgage bundles.
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