San Diego Housing Market News and Analysis
rid the Mello-Roos by legislation--a win-win idea to stimulate housing and general economy?
User Forum Topic
Submitted by nocommonsense on October 28, 2009 - 7:48am
Having the government take up the financial responsibility of the Mello-Roos seems like a win-win solution for everyone.
1). First of all, that's the way it should be--nowhere else are homeowners asked to pay for these expenses (school, etc);
2). This immediately reduces the "actual" price of the house by ~10-20%, making it more affordable, hence driving up sales stimulating the housing market;
3). It reduces the financial burden of homeowners, puts more money in their pocket, stimulates consumer spending;
4). The increased tax revenue from the increased consumer spending more than makes up for the government's Mello-Roos spending.
I'd think this proposal will have broard support from homeowners, buyers, builders, AND realtors. Some of us ought to figure out a way to put this initiative on the ballot.
~Active forum topics~
|* Investment advisory services and securities offered through Girard Securities, Inc., member FINRA and SIPC. Investment advisory services also offered through Crawford Capital Management, Inc. Pacific Capital Associates and Crawford Capital Management, Inc. are not affiliated with Girard Securities, Inc.|