Berkeley CSUA MOTD:Entry 39265
Berkeley CSUA MOTD
 
WIKI | FAQ | Tech FAQ
http://csua.com/feed/
2025/05/29 [General] UID:1000 Activity:popular
5/29    

2005/8/25-26 [Reference/RealEstate, Politics/Domestic/California/Prop] UID:39265 Activity:nil
8/25    Is property tax painful because the housing price / rent ratio is
        so out of whack?  It's like, for the property tax one is paying,
        one may as well go rent.
        \_ If you are not taking property tax into account when buying a
           house, you don't deserve to own.
           \_ Yes, which is why Prop 13 is so valuable. If you take it
              into account and then 3 years later it rises 50% because
              the market goes nuts you can be screwed. It is not a good
              solution to sell or to take out a loan to pay for the tax,
              in spite of what Tom says. Prop 13 actually allows one to
              budget because it limits the rise of property tax to a
              reasonable level (1%/year).
              known level (1%/year).
                \_ do you think artificially low property tax has artificially
                   jacked up real estate prices?
                   \_ Heh, that's pretty funny.  "artificially low property
                      tax".  You do know that all taxes are arbitrary, right?
                      -emarkp
                   \_ Well, if property tax is raised then prices will
                      fall, sure. Does that sound like a good idea to you?
                      Transfer more wealth from the people to the
                      government, right? It's here to help us.
                      \_ Not to mention that if the rate rises and the
                         values then fall the government still collects
                         the same amount of $$$ except the homeowner is
                         assed out of his equity.
              \_ How about a scheme that keeps track of additional property
                 tax owed and then charging the seller that amount when the
                 property is sold?
                 \_ too fucking complicated.
                    \_ What do you call the IRS?
2025/05/29 [General] UID:1000 Activity:popular
5/29    

You may also be interested in these entries...
2013/8/1-10/28 [Reference/RealEstate] UID:54722 Activity:nil
8/1     Suppose your house is already paid off and you retire at 65.
        How much expense does one expect to spend a year, in the Bay
        Area? Property tax will be about $10K/year for a modest $850K
        home. What about other stuff?
        \_ I think at age 65, health insurance is the next biggest expense.
        \_ I am thinking that we can have a nice middle class
	...
2013/6/3-7/23 [Reference/RealEstate] UID:54685 Activity:nil
6/3     Why are "real estate" and "real property" called so?  Does the part
        "real" mean something like "not fake"?
        \- without going into a long discourse into common law,
           it is to distinguish land/fixed property from intangible
           property [like a patent] and movable, personal property,
           like your car. Real property has historically had special
	...
2013/3/11-4/16 [Reference/RealEstate] UID:54622 Activity:nil
3/10    I'm trying to help my parents, in their mortgage there's an
        "escrow" amount. What exactly is this? From reading Google,
        the loan company uses the escrow account to pay for home
        insurance, but they've been paying home insurance themselves.
        I'm really confused on what this fee is.
        \_ Without an escrow account, you write checks to your insurance
	...
2012/8/21-11/7 [Reference/Law, Reference/RealEstate] UID:54462 Activity:nil
8/21    I'm trying to negotiate rent renewal and my manager came
        back saying she can't do that due to Fair Housing Laws
        that states that if they adjust price for one person
        they need to adjust price for everyone else. Is this
        an actual law or some bullshit she just made up?
        \_ Probably bullshit.
	...
2012/5/25-30 [Transportation/Car/RoadHogs, Reference/RealEstate] UID:54400 Activity:nil
5/25    Sorry suburban hicks, properties in walkable cities retain
        better values:
        http://dc.streetsblog.org/2012/05/18/study-resilient-walkables-lead-the-housing-recovery
	...