[sobmaz]

I would like to point out that falling realestate values do not mean lower property tax revenue for our County.

Two similar houses….

One house sold in 2006 for 700K and is producing 8K a year in taxes, but then sold in 2009 for 450K and is now only producing 5K in taxes, a 3K drop.

The second house was last sold in 1977 and is producing 700.00 a year in taxes but then is sold in 2009 for 450K so is now producing 5k a year in taxes. A net gain of 4300.

Between the two houses the country has gained revenue even though prices have “crashed”.

Don’t take my word for it. Despite the “crash” in real estate, property tax revenue is actually increasing each year, just at a much much slower rate than it use to.

And, don’t forget, they can raise the rates on everyone the base amount allowed by law, each and every year.

Also commercial property when sold in a way that generates a new appraisal can be a big wind fall for the country also. Most commercial property has been protected from reappraisals when there is a change in ownership because of the many loop holes that were written into prop 13 (those in the know, know that Prop 13 was just a way to keep taxes low on commercial property and effectively shift the tax burden from business to the FUTURE homeowner, but was sold as a way to “keep Granny in her home”), but when it does happen it is significant.

[sobmaz]

I would like to point out that falling realestate values do not mean lower property tax revenue for our County.

Two similar houses….

One house sold in 2006 for 700K and is producing 8K a year in taxes, but then sold in 2009 for 450K and is now only producing 5K in taxes, a 3K drop.

The second house was last sold in 1977 and is producing 700.00 a year in taxes but then is sold in 2009 for 450K so is now producing 5k a year in taxes. A net gain of 4300.

Between the two houses the country has gained revenue even though prices have “crashed”.

Don’t take my word for it. Despite the “crash” in real estate, property tax revenue is actually increasing each year, just at a much much slower rate than it use to.

And, don’t forget, they can raise the rates on everyone the base amount allowed by law, each and every year.

Also commercial property when sold in a way that generates a new appraisal can be a big wind fall for the country also. Most commercial property has been protected from reappraisals when there is a change in ownership because of the many loop holes that were written into prop 13 (those in the know, know that Prop 13 was just a way to keep taxes low on commercial property and effectively shift the tax burden from business to the FUTURE homeowner, but was sold as a way to “keep Granny in her home”), but when it does happen it is significant.

[sobmaz]

Did all ultra right wing conservatives drop out of high school? They must have because they constantly talk about “activist Judges” going against the “will of the people”.

If they were educated they would know that our country was founded on the very principle that the minority MUST BE PROTECTED from the tyranny of the majority!!!!

When the u.s. constitution was written it never mentioned rights for Blacks because it was a societal norm at the time, Negros were not “people”. Over time “activist judges” agreed that the u.s. constitution did indeed apply to Blacks and therefore their rights could not be voted on as the majority voted to out law interracial marriage or in Oregon they outlawed Black people totally (meaning they weren’t allowed to live in the state). The will of the people violated by those “Activist Judges”.

The will of the People saw fit that the u.s. constitution did not apply to Indians. Indians fought in court and an “activist Judge” decided, yes, the u.s. constitution applied to them as well.
The will of the people tossed again, nasty Judges!!

Despite historys lessons of the tyranny of the majority on the minority, somehow people think that it is constitutional to be voting on the rights of a class of people.

I am very confident that despite the Supreme Court of the U.S. being stacked with Republican appointees, the Court will agree that Prop 8 is nothing more than a bunch of holier than thou people trying to legislate their beliefs on those they do not agree with.

How activist would a Judge have to be to allow the majority to vote on the rights of the minority?

Is it really that difficult of a concept to understand that people can vote on laws, hence the initiative process, but people can’t vote on something that involves the rights of anyone? Peoples rights are forever protected by the U.S. Bill of Rights and are not up for a vote. Why can’t that be understood?

[sobmaz]

Did all ultra right wing conservatives drop out of high school? They must have because they constantly talk about “activist Judges” going against the “will of the people”.

If they were educated they would know that our country was founded on the very principle that the minority MUST BE PROTECTED from the tyranny of the majority!!!!

When the u.s. constitution was written it never mentioned rights for Blacks because it was a societal norm at the time, Negros were not “people”. Over time “activist judges” agreed that the u.s. constitution did indeed apply to Blacks and therefore their rights could not be voted on as the majority voted to out law interracial marriage or in Oregon they outlawed Black people totally (meaning they weren’t allowed to live in the state). The will of the people violated by those “Activist Judges”.

The will of the People saw fit that the u.s. constitution did not apply to Indians. Indians fought in court and an “activist Judge” decided, yes, the u.s. constitution applied to them as well.
The will of the people tossed again, nasty Judges!!

Despite historys lessons of the tyranny of the majority on the minority, somehow people think that it is constitutional to be voting on the rights of a class of people.

I am very confident that despite the Supreme Court of the U.S. being stacked with Republican appointees, the Court will agree that Prop 8 is nothing more than a bunch of holier than thou people trying to legislate their beliefs on those they do not agree with.

How activist would a Judge have to be to allow the majority to vote on the rights of the minority?

Is it really that difficult of a concept to understand that people can vote on laws, hence the initiative process, but people can’t vote on something that involves the rights of anyone? Peoples rights are forever protected by the U.S. Bill of Rights and are not up for a vote. Why can’t that be understood?

[sobmaz]

Did all ultra right wing conservatives drop out of high school? They must have because they constantly talk about “activist Judges” going against the “will of the people”.

If they were educated they would know that our country was founded on the very principle that the minority MUST BE PROTECTED from the tyranny of the majority!!!!

When the u.s. constitution was written it never mentioned rights for Blacks because it was a societal norm at the time, Negros were not “people”. Over time “activist judges” agreed that the u.s. constitution did indeed apply to Blacks and therefore their rights could not be voted on as the majority voted to out law interracial marriage or in Oregon they outlawed Black people totally (meaning they weren’t allowed to live in the state). The will of the people violated by those “Activist Judges”.

The will of the People saw fit that the u.s. constitution did not apply to Indians. Indians fought in court and an “activist Judge” decided, yes, the u.s. constitution applied to them as well.
The will of the people tossed again, nasty Judges!!

Despite historys lessons of the tyranny of the majority on the minority, somehow people think that it is constitutional to be voting on the rights of a class of people.

I am very confident that despite the Supreme Court of the U.S. being stacked with Republican appointees, the Court will agree that Prop 8 is nothing more than a bunch of holier than thou people trying to legislate their beliefs on those they do not agree with.

How activist would a Judge have to be to allow the majority to vote on the rights of the minority?

Is it really that difficult of a concept to understand that people can vote on laws, hence the initiative process, but people can’t vote on something that involves the rights of anyone? Peoples rights are forever protected by the U.S. Bill of Rights and are not up for a vote. Why can’t that be understood?

[sobmaz]

Did all ultra right wing conservatives drop out of high school? They must have because they constantly talk about “activist Judges” going against the “will of the people”.

If they were educated they would know that our country was founded on the very principle that the minority MUST BE PROTECTED from the tyranny of the majority!!!!

When the u.s. constitution was written it never mentioned rights for Blacks because it was a societal norm at the time, Negros were not “people”. Over time “activist judges” agreed that the u.s. constitution did indeed apply to Blacks and therefore their rights could not be voted on as the majority voted to out law interracial marriage or in Oregon they outlawed Black people totally (meaning they weren’t allowed to live in the state). The will of the people violated by those “Activist Judges”.

The will of the People saw fit that the u.s. constitution did not apply to Indians. Indians fought in court and an “activist Judge” decided, yes, the u.s. constitution applied to them as well.
The will of the people tossed again, nasty Judges!!

Despite historys lessons of the tyranny of the majority on the minority, somehow people think that it is constitutional to be voting on the rights of a class of people.

I am very confident that despite the Supreme Court of the U.S. being stacked with Republican appointees, the Court will agree that Prop 8 is nothing more than a bunch of holier than thou people trying to legislate their beliefs on those they do not agree with.

How activist would a Judge have to be to allow the majority to vote on the rights of the minority?

Is it really that difficult of a concept to understand that people can vote on laws, hence the initiative process, but people can’t vote on something that involves the rights of anyone? Peoples rights are forever protected by the U.S. Bill of Rights and are not up for a vote. Why can’t that be understood?

[sobmaz]

Did all ultra right wing conservatives drop out of high school? They must have because they constantly talk about “activist Judges” going against the “will of the people”.

If they were educated they would know that our country was founded on the very principle that the minority MUST BE PROTECTED from the tyranny of the majority!!!!

When the u.s. constitution was written it never mentioned rights for Blacks because it was a societal norm at the time, Negros were not “people”. Over time “activist judges” agreed that the u.s. constitution did indeed apply to Blacks and therefore their rights could not be voted on as the majority voted to out law interracial marriage or in Oregon they outlawed Black people totally (meaning they weren’t allowed to live in the state). The will of the people violated by those “Activist Judges”.

The will of the People saw fit that the u.s. constitution did not apply to Indians. Indians fought in court and an “activist Judge” decided, yes, the u.s. constitution applied to them as well.
The will of the people tossed again, nasty Judges!!

Despite historys lessons of the tyranny of the majority on the minority, somehow people think that it is constitutional to be voting on the rights of a class of people.

I am very confident that despite the Supreme Court of the U.S. being stacked with Republican appointees, the Court will agree that Prop 8 is nothing more than a bunch of holier than thou people trying to legislate their beliefs on those they do not agree with.

How activist would a Judge have to be to allow the majority to vote on the rights of the minority?

Is it really that difficult of a concept to understand that people can vote on laws, hence the initiative process, but people can’t vote on something that involves the rights of anyone? Peoples rights are forever protected by the U.S. Bill of Rights and are not up for a vote. Why can’t that be understood?

[sobmaz]

There is some serious disinformation floating around out there.

Statistically, the rent “decreases” everyone is hearing about are very small. These small decreases are, in my opinion, skewed by what is happening in parts of town you would not want to be caught dead in.

The press and the FED has everyone believing we have a deflationary spiral because the stock market and housing prices are falling but house prices and stock prices are not part of the CPI.

We are suffering modest inflation, hence your rent increase (although high) and in 5 more years or so it will be the 1970’s all over again.

[sobmaz]

There is some serious disinformation floating around out there.

Statistically, the rent “decreases” everyone is hearing about are very small. These small decreases are, in my opinion, skewed by what is happening in parts of town you would not want to be caught dead in.

The press and the FED has everyone believing we have a deflationary spiral because the stock market and housing prices are falling but house prices and stock prices are not part of the CPI.

We are suffering modest inflation, hence your rent increase (although high) and in 5 more years or so it will be the 1970’s all over again.

[sobmaz]

There is some serious disinformation floating around out there.

Statistically, the rent “decreases” everyone is hearing about are very small. These small decreases are, in my opinion, skewed by what is happening in parts of town you would not want to be caught dead in.

The press and the FED has everyone believing we have a deflationary spiral because the stock market and housing prices are falling but house prices and stock prices are not part of the CPI.

We are suffering modest inflation, hence your rent increase (although high) and in 5 more years or so it will be the 1970’s all over again.

[sobmaz]

There is some serious disinformation floating around out there.

Statistically, the rent “decreases” everyone is hearing about are very small. These small decreases are, in my opinion, skewed by what is happening in parts of town you would not want to be caught dead in.

The press and the FED has everyone believing we have a deflationary spiral because the stock market and housing prices are falling but house prices and stock prices are not part of the CPI.

We are suffering modest inflation, hence your rent increase (although high) and in 5 more years or so it will be the 1970’s all over again.

[sobmaz]

There is some serious disinformation floating around out there.

Statistically, the rent “decreases” everyone is hearing about are very small. These small decreases are, in my opinion, skewed by what is happening in parts of town you would not want to be caught dead in.

The press and the FED has everyone believing we have a deflationary spiral because the stock market and housing prices are falling but house prices and stock prices are not part of the CPI.

We are suffering modest inflation, hence your rent increase (although high) and in 5 more years or so it will be the 1970’s all over again.

[sobmaz]

I want to live in your world where prices have fallen 20 to 30%.

Social security recipients must really be living high on the hog!

I have seen increases of at least 20% on my utility bills (per unit) since 2007, I have seen my true cost of using my health insurance increase by 2 to 400%. Yes, when your copay was 5. and goes to 20 that is 400%. Or your copay for a hospital stay goes from 200 to 1000, that is 500%. My rent has been 2100 a month for 2 years, that ain’t down.

Yes, I keep hearing about “falling rents” but they are statistically minuscule, especially when I look around here in San Diego and realize the cost of moving would eat up 7 years worth of rent savings.

Now yes, I have seen 20 to 50% reductions in consumer items, consumer items that don’t last like they use to but most of my money goes towards those items that have increased more.

I am not saying rampant inflation is the immediate concern. I am saying the fed has got people talking so much about “deflation”, they have people believeing a 30 year bond that pays just over 3% is a fair price because they believe long term deflation is an actual concern. In other words, the “fear of delfation” is a big fat joke as deflation would be the best thing that happened to Americans who are savers.

Those who set themselves up, investment wise, for deflation have done well from 2007 to 2009 and poorly since march of 2009. It is going forward that counts and I think that going forward you need to have your head examined if you were to buy a 30year bond that pays 3%.

Inflation has been the rule for this government since 1902 and it will remain the rule. THe deflation of the early 1930s and the short bout of deflation we HAD recently, were flukes.

[sobmaz]

I want to live in your world where prices have fallen 20 to 30%.

Social security recipients must really be living high on the hog!

I have seen increases of at least 20% on my utility bills (per unit) since 2007, I have seen my true cost of using my health insurance increase by 2 to 400%. Yes, when your copay was 5. and goes to 20 that is 400%. Or your copay for a hospital stay goes from 200 to 1000, that is 500%. My rent has been 2100 a month for 2 years, that ain’t down.

Yes, I keep hearing about “falling rents” but they are statistically minuscule, especially when I look around here in San Diego and realize the cost of moving would eat up 7 years worth of rent savings.

Now yes, I have seen 20 to 50% reductions in consumer items, consumer items that don’t last like they use to but most of my money goes towards those items that have increased more.

I am not saying rampant inflation is the immediate concern. I am saying the fed has got people talking so much about “deflation”, they have people believeing a 30 year bond that pays just over 3% is a fair price because they believe long term deflation is an actual concern. In other words, the “fear of delfation” is a big fat joke as deflation would be the best thing that happened to Americans who are savers.

Those who set themselves up, investment wise, for deflation have done well from 2007 to 2009 and poorly since march of 2009. It is going forward that counts and I think that going forward you need to have your head examined if you were to buy a 30year bond that pays 3%.

Inflation has been the rule for this government since 1902 and it will remain the rule. THe deflation of the early 1930s and the short bout of deflation we HAD recently, were flukes.

[sobmaz]

I want to live in your world where prices have fallen 20 to 30%.

Social security recipients must really be living high on the hog!

I have seen increases of at least 20% on my utility bills (per unit) since 2007, I have seen my true cost of using my health insurance increase by 2 to 400%. Yes, when your copay was 5. and goes to 20 that is 400%. Or your copay for a hospital stay goes from 200 to 1000, that is 500%. My rent has been 2100 a month for 2 years, that ain’t down.

Yes, I keep hearing about “falling rents” but they are statistically minuscule, especially when I look around here in San Diego and realize the cost of moving would eat up 7 years worth of rent savings.

Now yes, I have seen 20 to 50% reductions in consumer items, consumer items that don’t last like they use to but most of my money goes towards those items that have increased more.

I am not saying rampant inflation is the immediate concern. I am saying the fed has got people talking so much about “deflation”, they have people believeing a 30 year bond that pays just over 3% is a fair price because they believe long term deflation is an actual concern. In other words, the “fear of delfation” is a big fat joke as deflation would be the best thing that happened to Americans who are savers.

Those who set themselves up, investment wise, for deflation have done well from 2007 to 2009 and poorly since march of 2009. It is going forward that counts and I think that going forward you need to have your head examined if you were to buy a 30year bond that pays 3%.

Inflation has been the rule for this government since 1902 and it will remain the rule. THe deflation of the early 1930s and the short bout of deflation we HAD recently, were flukes.

[Author]

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