Are We Headed For Another Housing Crash ??

[JC5123]

You hit it Bill. Of course if you were able to get past the initial shock and resulting tantrum of the whole thing, they would start to realize that personal liberty and RESPONSIBILITY based policies would see their circumstances improve. Of course they would also have to get off their dead asses and contribute. Which I understand is near impossible for a 4th generation welfare leach. But as Tocqueville said, "if you don't work, you'll die."

That is the harsh reality of a free society. You are free to do what you want, but no one owes you anything, so you better figure out away to support yourself.   

[tombogan03884]

"Getting past the shock and tantrums however would require shooting looters and rioters.
Capt. Daniel Shay and most of Western Mass staged an open, armed insurrection in the days when responsibility were assumed, the liberals nowadays would go totally apeshit.

[billt]

"Getting past the shock and tantrums however would require shooting looters and rioters.
Capt. Daniel Shay and most of Western Mass staged an open, armed insurrection in the days when responsibility were assumed, the liberals nowadays would go totally apeshit.

Correct. It's why the cops in many cities like New York and Chicago are "backing down". They don't want to take the risk of actually doing their jobs, and be put through the same meat grinder cops like Darryl Wilson were put through as a result. Kill one black kid, and all of a sudden your career is over, and your looking at death threats. So they are starting to look the other way. Crime is going off the chart as a result. Homeless people are everywhere, pissing and $h!tting in the street.

Now imagine a white citizen shooting a black in self defense. You won't stand a chance in these liberal $h!t holes, or anywhere else for that matter. Regardless of how justified you were. Back in Chicago during the 1968 Democratic Convention, Socialist Mayor Richard J. Daly Sr. gave orders for looters to be, "shot on sight". Several were. Today he would be crucified in Grant Park for the same.

[tombogan03884]

I keep saying, the only cure is the cartridge box. Otherwise we are watching the approach of the collapse of civilization.

[Timothy]

than a renter who pays zero in said taxes.

I call bullshit on this statement..

The rent I pay and have paid over the years pays ALL OF THE TAXES on the property where I reside!

The landlord gets the credit but I'm paying my fair share!  The landlord is definitely NOT renting a property at a loss or he/she is a friggin idiot!

In addition, I'm paying taxes on my vehicles here, my motorcycles, the boats, trailers, et al!

[Sponsor]

[MikeBjerum]

You are correct Timothy.  However, you are one of the few that gets it.  Many renters do not understand how, or that, they pay property taxes.  Add to that an issue we have in our state, and several other states have this as well:  Renters get a refund from the state for property taxes paid.  The reason for this is that landlords pay full tax on this property (no homestead credit that owner/occupants receive), so the state gives an amount to the renter based on their income vs. rent paid.  Some renters think they don't pay any tax at all, and will vote for levies and projects without considering the liability.

The following account may be a little off topic, but we are masters of the drift around here:
Our community has a policy that if you own a residence on a corner lot you will only be assessed for street and utilities on the street your home faces (location address) or the side with the shortest property frontage.  This is determined once, and stays with the property so as to not avoid all costs by flip flopping.

While I was serving on our municipal utility commission we had a business that is located on a corner lot with business frontage and usage on both streets fight the policy and gained the exemption for themselves.  As a part of the change our Mayor pushed, and gained, the exemption for all businesses and apartment complexes in the same situation.

What was missed by most involved with this change was the large amount of expense that was shifted from businesses and renters of apartments to other community members who were already paying their full share.

This is what happens when uneducated vote, and all vote for politicians who don't think in the big picture.

[tombogan03884]

While it is true that rent COVERS the tax bill for the property, it is not quite the same as the property owner who can produce a bill saying he was assessed $ X in taxes for $X worth of valuation.
Looked at from Tim's point of view we also pay taxes on every store or business we have dealings with because the owner includes that expense in his business overhead.

[MikeBjerum]

Correct on Tim's point of cost of business.  This is something that gives me a headache every time people talk of taxing business more.  Also back to Timothy's post on his understanding that he pays property tax through his rent, I believe more and more that if ALL renters paid the property tax directly to the government rather than through their rent more would get it.  Have you ever heard people scream when they look at their airline ticket, rental car, or hotel bill and the list of taxes?  Of course, most just blame the business for passing it on, but at least they are seeing the taxes.

[billt]

Here is where that view is a bit thin. The owner pays the property taxes with some of the money he receives in rent. So because of that the renters are in fact helping to pay the property taxes on said property.

Lets say it's a 6 flat. And each apartment has one kid of school age. That's 6 kids attending public school on the coat tails of one landlord, and one single piece of property. As opposed to 6 kids from 6 different houses, all paying taxes. In the inner city this imbalance can be much worse than that, because there are so few homeowners compared to kids.

[Timothy]

While I had a child in the system here I felt uncomfortable to express my opinion and vote for tax issues here.  We have what's called Prop 2-1/2 which says (I think) that property taxes in a given town cannot be raised more than 2-1/2% in a given election cycle. 

When these types of questions arose, I abstained from voting because it didn't seem appropriate to make that vote.  Today, I completely ignore these questions on town elections because I don't really have skin in the game since my little one is 30 and about to have a little one of her own.

My landlord can deduct his tax liability that I pay in full.  I can't deduct jack shit...  If he has to make a repair, he can deduct that as well!

Not all renters are transient asshats.  I make damn near 80K a year but buying this late in life doesn't make sense and what I can afford here on my salary buys a two stall garage that needs rehab!