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SD Realtor
ParticipantSK we don’t agree on alot of things but I do agree with what you wrote.
What I fear is… do the banks care… the ruling is good because these guys need to follow the rules. On the flip side, to me this just will clog the inventory pipe even more, slowing down the time to market, and holding homes off the market. What was going to take a long time to happen will take longer but necessarily so.
ParticipantSK we don’t agree on alot of things but I do agree with what you wrote.
What I fear is… do the banks care… the ruling is good because these guys need to follow the rules. On the flip side, to me this just will clog the inventory pipe even more, slowing down the time to market, and holding homes off the market. What was going to take a long time to happen will take longer but necessarily so.
ParticipantSK we don’t agree on alot of things but I do agree with what you wrote.
What I fear is… do the banks care… the ruling is good because these guys need to follow the rules. On the flip side, to me this just will clog the inventory pipe even more, slowing down the time to market, and holding homes off the market. What was going to take a long time to happen will take longer but necessarily so.
ParticipantWell Eugene, it is obvious by your logic that the only solution is to continue to raise taxes. Clearly you have pointed out that we have slashed spending enough or perhaps to much. It is evident to me that the state legislature is doing a fantastic job and that this tax hike, whether it is wiping out prop 13 or simply piling more on top of the already high state income tax we pay will surely solve our budget problems and we will never have to raise taxes again after that. Surely you can point out several cases when California taxes were increased and then were lowered again after shortfalls were met.
ParticipantWell Eugene, it is obvious by your logic that the only solution is to continue to raise taxes. Clearly you have pointed out that we have slashed spending enough or perhaps to much. It is evident to me that the state legislature is doing a fantastic job and that this tax hike, whether it is wiping out prop 13 or simply piling more on top of the already high state income tax we pay will surely solve our budget problems and we will never have to raise taxes again after that. Surely you can point out several cases when California taxes were increased and then were lowered again after shortfalls were met.
ParticipantWell Eugene, it is obvious by your logic that the only solution is to continue to raise taxes. Clearly you have pointed out that we have slashed spending enough or perhaps to much. It is evident to me that the state legislature is doing a fantastic job and that this tax hike, whether it is wiping out prop 13 or simply piling more on top of the already high state income tax we pay will surely solve our budget problems and we will never have to raise taxes again after that. Surely you can point out several cases when California taxes were increased and then were lowered again after shortfalls were met.
ParticipantWell Eugene, it is obvious by your logic that the only solution is to continue to raise taxes. Clearly you have pointed out that we have slashed spending enough or perhaps to much. It is evident to me that the state legislature is doing a fantastic job and that this tax hike, whether it is wiping out prop 13 or simply piling more on top of the already high state income tax we pay will surely solve our budget problems and we will never have to raise taxes again after that. Surely you can point out several cases when California taxes were increased and then were lowered again after shortfalls were met.
ParticipantWell Eugene, it is obvious by your logic that the only solution is to continue to raise taxes. Clearly you have pointed out that we have slashed spending enough or perhaps to much. It is evident to me that the state legislature is doing a fantastic job and that this tax hike, whether it is wiping out prop 13 or simply piling more on top of the already high state income tax we pay will surely solve our budget problems and we will never have to raise taxes again after that. Surely you can point out several cases when California taxes were increased and then were lowered again after shortfalls were met.
ParticipantI think that it is very telling that those in power view the solution to be increasing tax revenue rather then decreasing spending.
Lets all be honest here, do we really think that increasing tax revenues to the state will benefit in the long run? Sure the increased revenues will help reduce the current state budget woes but will it cure the disease? Didn’t we JUST have a state income tax increase?
ParticipantI think that it is very telling that those in power view the solution to be increasing tax revenue rather then decreasing spending.
Lets all be honest here, do we really think that increasing tax revenues to the state will benefit in the long run? Sure the increased revenues will help reduce the current state budget woes but will it cure the disease? Didn’t we JUST have a state income tax increase?
ParticipantI think that it is very telling that those in power view the solution to be increasing tax revenue rather then decreasing spending.
Lets all be honest here, do we really think that increasing tax revenues to the state will benefit in the long run? Sure the increased revenues will help reduce the current state budget woes but will it cure the disease? Didn’t we JUST have a state income tax increase?
ParticipantI think that it is very telling that those in power view the solution to be increasing tax revenue rather then decreasing spending.
Lets all be honest here, do we really think that increasing tax revenues to the state will benefit in the long run? Sure the increased revenues will help reduce the current state budget woes but will it cure the disease? Didn’t we JUST have a state income tax increase?
ParticipantI think that it is very telling that those in power view the solution to be increasing tax revenue rather then decreasing spending.
Lets all be honest here, do we really think that increasing tax revenues to the state will benefit in the long run? Sure the increased revenues will help reduce the current state budget woes but will it cure the disease? Didn’t we JUST have a state income tax increase?
ParticipantOnly if they are in adjustable rate vehicles. We are starting to siphon out alot of that. However the premise is still true that prices will come down simply because it will be harder to finance those prices and the buyer pool will shrink a bit. However don’t assume the rubber band effect happens immediately.
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