[recordsclerk]

Conned by Crooks,
Thank you for the information. I don’t think anyone truly knows what happened.
On the two properties sold, were the loans paid off?
What did you loose on the first two properties?

[recordsclerk]

Conned by Crooks,
Thank you for the information. I don’t think anyone truly knows what happened.
On the two properties sold, were the loans paid off?
What did you loose on the first two properties?

[recordsclerk]

The reason why these new homes are selling is because the builders have to sell them. They will continue to lower prices until all their units are sold. They will sell the homes for whatever the current market will allow. There will always be new homes for sale as long as builders can make a profit. Once we get to the break even point for builders, the master planned communities will have to lower the price of land to make it profitable for the builders. Everyone involved with builders making a profit will have to lower the prices. Materials, Labor, Fees, Land, Commissions. This will continue until people can afford homes or demand picks up.

[recordsclerk]

The reason why these new homes are selling is because the builders have to sell them. They will continue to lower prices until all their units are sold. They will sell the homes for whatever the current market will allow. There will always be new homes for sale as long as builders can make a profit. Once we get to the break even point for builders, the master planned communities will have to lower the price of land to make it profitable for the builders. Everyone involved with builders making a profit will have to lower the prices. Materials, Labor, Fees, Land, Commissions. This will continue until people can afford homes or demand picks up.

[recordsclerk]

Conned by Crooks did you purchase more then one house?
How many?
Did you pay more then the asking price?
By how much?
Was that amount to be used for monthly payments for loans on homes purchased?
Were you supposed to pay the monthly payments or were the monthly payments supposed to come from someone/somewhere else?
How many payments were they supposed to pay?
Who was supposed to pay the payments after the money ran out?
Did you think the money would not run out or did you think when the money ran out you were going to sell at a profit?

[recordsclerk]

Conned by Crooks did you purchase more then one house?
How many?
Did you pay more then the asking price?
By how much?
Was that amount to be used for monthly payments for loans on homes purchased?
Were you supposed to pay the monthly payments or were the monthly payments supposed to come from someone/somewhere else?
How many payments were they supposed to pay?
Who was supposed to pay the payments after the money ran out?
Did you think the money would not run out or did you think when the money ran out you were going to sell at a profit?

[recordsclerk]

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[recordsclerk]

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[recordsclerk]

“The way i look at it. Renters should pay prop taxes to support the “infrastructure” where they are using too. Don’t they get a free ride?”
This would be double taxation since the property owner already pays the taxes. Renters pay the rent which goes towards the carrying cost for the landlord or profit. But since we are trying to be fair, why not let the renters pay their fair share.

[recordsclerk]

“The way i look at it. Renters should pay prop taxes to support the “infrastructure” where they are using too. Don’t they get a free ride?”
This would be double taxation since the property owner already pays the taxes. Renters pay the rent which goes towards the carrying cost for the landlord or profit. But since we are trying to be fair, why not let the renters pay their fair share.

[recordsclerk]

Prop 13 is flawed. There’s just some good points to prop 13. As far as rent control, I totally hate it. It just seems that the Government always taxes people when they buy. They take advantage of the fact that yor are willing to pay higher taxes so you can have your dream home. They also take advantage of people when buying new cars. For example your vehicle registration. You are already taxed (sales tax) for buying the vehicle, but on top of that they want you to pay a higher registration fee based on purchase price. Your new vehicle is probably more eco friendly and safer. You’re not going to use the existing infrastructure any more then when you had your old car. I think you should pay based on vehicle weight and mileage and get reductions for driving eco friendly vehicles/motorcycles. I think the government knows you are willing and able to pay taxes when you buy large ticket items. That’s why they take advantage of the situation.

[recordsclerk]

Prop 13 is flawed. There’s just some good points to prop 13. As far as rent control, I totally hate it. It just seems that the Government always taxes people when they buy. They take advantage of the fact that yor are willing to pay higher taxes so you can have your dream home. They also take advantage of people when buying new cars. For example your vehicle registration. You are already taxed (sales tax) for buying the vehicle, but on top of that they want you to pay a higher registration fee based on purchase price. Your new vehicle is probably more eco friendly and safer. You’re not going to use the existing infrastructure any more then when you had your old car. I think you should pay based on vehicle weight and mileage and get reductions for driving eco friendly vehicles/motorcycles. I think the government knows you are willing and able to pay taxes when you buy large ticket items. That’s why they take advantage of the situation.

[recordsclerk]

Prop 13 helps homeowners that are on a limited income retire and stay in their homes. If it wasn’t for prop 13 the government can impose tax hikes anytime they want. This law was made to prevent the government from raising your taxes more then 2 percent annually. It wasn’t meant to separate the new buyers from the old buyers. It’s the unprecedented run-up in prices that have done this. It’s also the builder’s that pass on obligations from the city to the buyers through mello roos. Anyone can take advantage of prop 13. It does not discriminate a buyer in any way. It is a hard pill to swallow when your neighbor may be paying 1/2 of what you are, but it also allows you to do the same if you stay long term. With all this new tax revenue I don’t understand why the city is still in financial trouble. I also think when prices double like they did in 3 years, there should be some kind of tax reduction for new buyers to make it fair, maybe a max of 10% increase annually.

[recordsclerk]

Prop 13 helps homeowners that are on a limited income retire and stay in their homes. If it wasn’t for prop 13 the government can impose tax hikes anytime they want. This law was made to prevent the government from raising your taxes more then 2 percent annually. It wasn’t meant to separate the new buyers from the old buyers. It’s the unprecedented run-up in prices that have done this. It’s also the builder’s that pass on obligations from the city to the buyers through mello roos. Anyone can take advantage of prop 13. It does not discriminate a buyer in any way. It is a hard pill to swallow when your neighbor may be paying 1/2 of what you are, but it also allows you to do the same if you stay long term. With all this new tax revenue I don’t understand why the city is still in financial trouble. I also think when prices double like they did in 3 years, there should be some kind of tax reduction for new buyers to make it fair, maybe a max of 10% increase annually.

[recordsclerk]

I can’t wait to see that happen here. I’ll bid 300k for that Pienza home in 4S Ranch please.
Can you imagine the hostility in that neighborhood for years to come. The new buyers(lucky) vs old buyers(screwed). That one “Dude” looks like he’ll be part of the welcome wagon for the new buyers.

[Author]

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