Forum Replies Created
-
AuthorPosts
-
urbanrealtor
Participant[quote=briansd1]I don’t see how taxing wealth (property) is regressive.
Under the current CA system of property taxes, someone living in a million dollar house in La Jolla (with the income to match and money and property passed down several generations) could be paying less than someone who just bought a new tract house in El Cajon. That’s pretty regressive to me.
BTW, the CA system suits me just fine.[/quote]
Typically, taxation based on net worth (especially when that is disproportionately expressed as property value) over income level, is viewed as regressive.
The prototype polemic example is the old widow on ssi who only has the house she always lived in. That was the primary rhetorical referent when prop 13 was passed.
Participant[quote=briansd1]Did you get a new loan drawn up? Was the old loan paid off?
How was the transaction/modification recorded?
That would help tell if the loan is recourse or not…. But either way, the above applies.
If it’s still the same purchase money loan, then it’s a non-recourse loan.[/quote]
Its still debatable, but there is a line of re legal thought right now that states that a mod makes it into a new loan and therefore recourse.Not my opinion but expect this to be exploited in the near future.
Participant[quote=briansd1]Did you get a new loan drawn up? Was the old loan paid off?
How was the transaction/modification recorded?
That would help tell if the loan is recourse or not…. But either way, the above applies.
If it’s still the same purchase money loan, then it’s a non-recourse loan.[/quote]
Its still debatable, but there is a line of re legal thought right now that states that a mod makes it into a new loan and therefore recourse.Not my opinion but expect this to be exploited in the near future.
Participant[quote=briansd1]Did you get a new loan drawn up? Was the old loan paid off?
How was the transaction/modification recorded?
That would help tell if the loan is recourse or not…. But either way, the above applies.
If it’s still the same purchase money loan, then it’s a non-recourse loan.[/quote]
Its still debatable, but there is a line of re legal thought right now that states that a mod makes it into a new loan and therefore recourse.Not my opinion but expect this to be exploited in the near future.
Participant[quote=briansd1]Did you get a new loan drawn up? Was the old loan paid off?
How was the transaction/modification recorded?
That would help tell if the loan is recourse or not…. But either way, the above applies.
If it’s still the same purchase money loan, then it’s a non-recourse loan.[/quote]
Its still debatable, but there is a line of re legal thought right now that states that a mod makes it into a new loan and therefore recourse.Not my opinion but expect this to be exploited in the near future.
Participant[quote=briansd1]Did you get a new loan drawn up? Was the old loan paid off?
How was the transaction/modification recorded?
That would help tell if the loan is recourse or not…. But either way, the above applies.
If it’s still the same purchase money loan, then it’s a non-recourse loan.[/quote]
Its still debatable, but there is a line of re legal thought right now that states that a mod makes it into a new loan and therefore recourse.Not my opinion but expect this to be exploited in the near future.
Participant[quote=ocrenter][quote=DataAgent]
Location, location, location.[/quote]
obviously, but the price difference doesn’t justify the difference in location.[/quote]
To a lot of people it does.Bear in mind that hondas are more fuel efficient and reliable than rolls.
Though personally I find the price differential absurd.
But again, its not me buying.Participant[quote=ocrenter][quote=DataAgent]
Location, location, location.[/quote]
obviously, but the price difference doesn’t justify the difference in location.[/quote]
To a lot of people it does.Bear in mind that hondas are more fuel efficient and reliable than rolls.
Though personally I find the price differential absurd.
But again, its not me buying.Participant[quote=ocrenter][quote=DataAgent]
Location, location, location.[/quote]
obviously, but the price difference doesn’t justify the difference in location.[/quote]
To a lot of people it does.Bear in mind that hondas are more fuel efficient and reliable than rolls.
Though personally I find the price differential absurd.
But again, its not me buying.Participant[quote=ocrenter][quote=DataAgent]
Location, location, location.[/quote]
obviously, but the price difference doesn’t justify the difference in location.[/quote]
To a lot of people it does.Bear in mind that hondas are more fuel efficient and reliable than rolls.
Though personally I find the price differential absurd.
But again, its not me buying.Participant[quote=ocrenter][quote=DataAgent]
Location, location, location.[/quote]
obviously, but the price difference doesn’t justify the difference in location.[/quote]
To a lot of people it does.Bear in mind that hondas are more fuel efficient and reliable than rolls.
Though personally I find the price differential absurd.
But again, its not me buying.Participant[quote=Ricechex]Any guesses why City Heights would have an increase?[/quote]
A year ago some stuff was REALLY cheap there.Like 100k for 2br.
Participant[quote=Ricechex]Any guesses why City Heights would have an increase?[/quote]
A year ago some stuff was REALLY cheap there.Like 100k for 2br.
Participant[quote=Ricechex]Any guesses why City Heights would have an increase?[/quote]
A year ago some stuff was REALLY cheap there.Like 100k for 2br.
-
AuthorPosts
