"Steve" <steve@[EMAIL PROTECTED]
> wrote in message
news:pthmi.18$SL.130176@[EMAIL PROTECTED]
>
> <editor@[EMAIL PROTECTED]
> wrote in message
> news:1184429897.849156.138750@[EMAIL PROTECTED]
>> On Jul 14, 12:13 pm, "Morton Davis" <antike...@[EMAIL PROTECTED]
> quoted me:
>> > > If you want to get people thinking about what a lousy president
>> > > Bush is, talk about $3+ gasoline, $4+ milk,
>>
>> and replied:
>> > President Bush has nothing to do with either. If the assholes keep
> trying to
>> > turn corn into fuel, you can expect $6 a gallon milk. Barber's
b6rasnd
> name
>> > milk is already there.
>>
>> Bull**** - the dollar has become GENERALLY worth-less under Bush.
>> That's why your property taxes on your home have soared far faster
>> than inflation the past five years while Bush has been president.
>
> This is frankly an extremely ignorant statement. It's such an ignorant
> statement because the obvious reality is that property taxes have soared
> because real estate values have soared due in large part to
unprecedented
> low interest rates. Simple as that. It has nothing to do with Bush. Of
> course you don't give Bush credit for the low interest rates, just the
> blame
> for high real estate taxes, high gas prices, and any other negative
thing
> you can think of.
Umm. the US real estate market is in a decline for many months, and will
be
in a decline for many more months. A homeowner should check an appraisal
service (can be done for free on the internet) and then check next year's
tax appraisal. It should be going down - although your favorite county
may
pass higher rates, to make up for the difference in your home's worth.
People who have multiple real estate holdings, for short amounts of time
(called flippers) are going bankrupt. Houses foreclosed and sold at
auction
are at their highest. Big lenders (like GE capitol) have, or are selling,
their underperforming sub-prime loans as fast as they can get rid of them.
Many major mortgage companies will go bankrupt.
It's not all politics. There is an actual economy going on despite
politics.
|
