Results 13,076 to 13,100 of 27101
Thread: Real Estate Crash thread
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04-15-2021, 12:25 PM #13076
Edit as I answered my own question....
1924 craftsman bungalow?
These small homes, anchored by charming front porches, originated in colonial India (that's the "bungalow" part). But bungalows really took off in the United States after the style was adopted by the Arts and Crafts movement (
One of those catalog houses?
I was thinking of/mixing up with these:
http://www.searsarchives.com/homes/1908-1914.htm
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04-15-2021, 03:10 PM #13077Registered User
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- Dec 2003
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- 1,114
I think communities should be placing more emphasis on attracting business revenue to take some of the load off property taxes. We took a hit locally when a couple national retailers left the mall. They didn't leave because of state regulations, or COVID, they left because private equity firms killed them. This shifted the revenue burden more towards homeowners. But somehow, the end result is people pushing hard to cut the school budget, even before COVID. COVID just turned into an excuse to try to cut teacher salaries and benefits. Can't we just revitalize some vacant retail space with an Apple Store, REI, and Jamba Juice? Honestly, I think this is another reason large swaths of residential suburbia are not as healthy as mixed residential and retail/services/etc.
The city we're living in now takes both income and home value into account when calculating property tax in an attempt to reduce the burden. There are people who complain about income caps around $90k and home value caps around $400k for that, but I think for the most part it helps. The city of Boston has rebates for your primary residence, but some of that started back when they were trying to get people to move back to the city decades ago so we'll see how long it lasts (our old place in Dot is worth at least 2x what we sold it for, and they haven't changed a freakin thing), and I don't know if it's really going to help people who want to keep living in a brownstone the Back Bay that's been in their family three or four generations stay in the house.
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04-15-2021, 03:19 PM #13078
You know, again, over and over, I don't get young to youngish people buying a home. It's such an anchor/albatross in life when one has to be ready for the next opportunity at moments notice. But, I married late. it's always her fault.
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04-15-2021, 03:38 PM #13079
Owning a home has never felt like an anchor to me, at least compared to having kids.
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04-15-2021, 03:48 PM #13080
Well, I guess they go hand in hand.
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04-15-2021, 04:12 PM #13081
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04-15-2021, 04:20 PM #13082
And your career didn't require a move.
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04-15-2021, 04:21 PM #13083
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04-15-2021, 04:27 PM #13084Hucked to flat once
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- Oct 2005
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- Idaho
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04-15-2021, 04:35 PM #13085Registered User
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- Dec 2009
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- 1,703
Corporate moves are probably a thing of the past, but I made good money on the 3 of mine across various parts of the USA. RE fees paid, closing costs paid, expenses for the moving, even money for breaking club memberships. I wasn't high up on the corporate food chain. Do they still do these anymore? I get the feeling they are not as common.
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04-15-2021, 04:57 PM #13086
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04-15-2021, 04:57 PM #13087
I find this prop 13 debate fascinating. I see some merit in both sides, but mostly fall in the Liv2ski and Conundrum camp. It could be shored up some and should definitely be for primary residence only. The goal was to stop exactly what Conundrum is facing: he bought where he wanted to live his life out. A crazy RE boom is happening in his town. At some point the property tax revenue is going to be higher than the cost of services. Why should that be? There should be a cap. I think this is obvious.
And I see a lot of talk about property taxes paying for "infrastructure". In most municipalities, sewer, storm and water are funded by enterprise funds- you pay for it with your rates, not taxes. And many other services are pay as you go with instruments like landscape and lighting districts, CFD's (Mello-Roos in CA) etc... Most other bond obligations are voter approved.
So B is stuff that the voters approved. C is stuff you new before buying. It's that 'general tax levy' that I think needs to be controlled. 1% is fine when value increases are normal, but when a house triples in value in 10 years, that's not what I think the creators of that formula envisioned.
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04-15-2021, 04:58 PM #13088
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04-15-2021, 04:58 PM #13089
Re-Lo insurance still existed in 2019.
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04-15-2021, 04:59 PM #13090
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04-15-2021, 05:09 PM #13091
The environment I place myself in and the community where I live drives so much of my happiness I couldn't imagine having that steered by a faceless corporation who could give a fuck about my personal contentment. But, hey, I totally get that others drive more personal satisfaction from work.. but it ain't bad having F-you money to tell them to get bent if they want to relocate you.
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04-15-2021, 05:17 PM #13092
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04-15-2021, 05:22 PM #13093
Thirded
"fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
"She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
"everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy
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04-15-2021, 05:36 PM #13094
Fourth. Seemed like my parents moved every 3 years as a kid for work. I fucking hated it once I got to my teen years. I made sure I never had to move once we got married. I think that is an old days thing Benny, especially with so much WFH now.
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04-15-2021, 05:41 PM #13095
Holy crap.. This is when I realize I have had a very different life than many of you. Just, yeah, this place looks good, I'm staying here, no matter what. How luxurious. How fucking white privelege.
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04-15-2021, 05:46 PM #13096
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04-15-2021, 05:51 PM #13097
<shrug>
I realized that the Midwest was not for me on a trip to CO to attend my cousin's wedding my senior year of HS. Finished uni 4 years later and promptly BOLTED. I was very fortunate to get into the IT game pretty "early" (early 90's) and it just happened that there were (and still are) GOBS of jobs in that field where I live.
I mean - if push actually came to shove and shit hit the fan real hard, I'd probably move for work. But shit would have to be pretty desperate.
That said, I gotta get outta here at some point, 'cause shit's gettin' way too crowded 'round these parts.
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04-15-2021, 05:52 PM #13098
I'm guessing that most of you, if not all, have not experienced ageism yet. That starts at 50. Good luck.
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04-15-2021, 05:55 PM #13099
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04-15-2021, 05:57 PM #13100
Shit happens. Keep the debts low.
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