example property value 100k property value,
assesment 100% assessed taxed at .05% /$ value= $5,000.00
now example two 100k property value,
assesment 80% assessed tax at .0625% /$ value=$5,000.00
so you see at 100% and 80% it comes out same.
Tax can be manipulated as our politicians wish there are no standard
we do not want put our crooks out of job do we ????????????????????/
That's what I was trying to get across. You just did it a little better
with an example. Bottom line is the budget will be met!
Sometimes it sucks to not really understand things. Sometimes you're
On Thu, 11 Sep 2008 16:06:08 -0500, Phil Again wrote:
I think it would be self defeating to do that. If you want decent people
to buy (or at least rent) the vacant houses near your home, then keep your
own home looking decent.
Unless you're in a truly blighted area, I wouldn't worry about it too
much. Not all of those foreclosures will end up as rental property. Some
will end up as rentals, but others will be owner occupied, and others will
get mostly cosmetic repairs and be marketed for top dollar by house
Foreclosures go cheap, because the property is almost always "rough around
the edges" and you're buying with no recourse against the seller. I'm not
complaining; I'm living in a hud repo that I got cheap last year. I paid
about 70% of what the surrounding comps are worth.
A house a few doors down from me was auctioned off cheap earlier in the
year. It was bought by investors who later sold it for top dollar.
Due to spam, I\'m now filtering all Google Groups posters.
yeah its bad out there, IF GOVERNMENT HAD SHORED UP THE SUB PRIME
LOANS FROM THE GET GO THIS MESS WOULDNT OF TAKEN DOWN OUR ENTIRE
I would maintain my home as normal, so its iun good shape when the
turn aoiund comes.
besides ultimately you live in your home its best to maintain it well.
I think you mean "if the lenders hadn't put out all those sub-prime
loans to people who were likely to default if the economy slowed down,
which it inevitably does sooner or later, I wouldn't have had to pay
so much for my own house."
Yes, I'm a little bitter that I'm being penalized for buying within my
means, not taking out an interest-only ARM to save a few bucks, etc.
I guess the only silver lining is in a couple years I'll have one of
the highest credit scores around as I'll be one of the few who hasn't
defaulted (ASSuming I don't lose my job before values go back up.)
You are ignoring something important and that was the real estate bubble
that greatly skewed the market.
Our county is in the process of reassessment and there are numerous
complaints because the county commissioners just happened to choose the
peak of the bubble as the reference for real estate values. Since it
will be a while before greedy banks and clueless people hold a repeat
performance the "market values" have nothing to do with real market
values. So numerous people are protesting to get them to back down.
well in life things can change fast, people get married, divorced,
change jobs etc etc.
a well maintaained home is easier to sell whenever you want.......
besides often routine maintence saves long term money
Maybe I wasn't clear.... The only way I am going to leave my current
house is to lock the door and walk away.
There is no possibility I can come up with a $40,000.00 or $50k which
would make up the difference between my expectation of a selling price
and the remainder of my Mortgage. Period. $5,000.00 maybe, but not
I don't see the prices of homes in my neighborhood rising much above cost
of land and replacement value of the house. Which makes the current
selling price ($50K below my mortgage) about correct +/- 10%.
So, what's the question again? What are you actually thinking you're
going to do without on maintenance that's going to be a big-ticket
difference unless you mean "ever" as opposed to right now.
If this were a discussion to take truly seriously, one would ask how old
you are, your level of income and other debt compared to the house, life
style and why one doesn't have additional resources other than what, at
least superficially, appears to be more house than can afford...
On balance, most of those aren't issues any reasonable person would want
to discuss in sufficient detail on usenet for there to be any meaningful
answers. One might hazard a guess a call to Dave Ramsay might be
fruitful if one were a guessing kind.... :)
As for future values, cycles come and cycles go. Again depending on age
and other circumstances, time may (or may not) be on your side...
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