Comments on: The California Financial Gambler’s Fallacy – 5 Reasons Why the Budget and the Economy will Keep Home Prices Stagnant. Banks Paying Property Taxes on Shadow Inventory. http://www.doctorhousingbubble.com/the-california-financial-gambler%e2%80%99s-fallacy-%e2%80%93-5-reasons-why-the-budget-and-the-economy-will-keep-home-prices-stagnant-banks-paying-property-taxes-on-shadow-inventory/ How I Learned to Love Southern California and Forget the Housing Bubble Tue, 07 Sep 2010 21:04:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: DJ Morris http://www.doctorhousingbubble.com/the-california-financial-gambler%e2%80%99s-fallacy-%e2%80%93-5-reasons-why-the-budget-and-the-economy-will-keep-home-prices-stagnant-banks-paying-property-taxes-on-shadow-inventory/#comment-46776 DJ Morris Mon, 19 Apr 2010 22:20:32 +0000 http://www.doctorhousingbubble.com/?p=3011#comment-46776 When Greenspan was in office before Bernanke, is it my imagination, or did it seem that Greenspan was a lot more visible and proactive? When Greenspan was in office before Bernanke, is it my imagination, or did it seem that Greenspan was a lot more visible and proactive?

]]> By: Dr. Ivo Shandor http://www.doctorhousingbubble.com/the-california-financial-gambler%e2%80%99s-fallacy-%e2%80%93-5-reasons-why-the-budget-and-the-economy-will-keep-home-prices-stagnant-banks-paying-property-taxes-on-shadow-inventory/#comment-45252 Dr. Ivo Shandor Thu, 18 Feb 2010 23:50:09 +0000 http://www.doctorhousingbubble.com/?p=3011#comment-45252 I'd love to see a citation for the claim that corporations are legally able to evade property taxes through Prop 13. This is a very popular misconception parroted by multiple people with nothing to back it up. There was a guest editorial written by San Francisco's Assessor (of all the people who should know better) that repeated this same claim. It simply isn't true. Also, the comment by Aaron above me is also false, transfers between parents and children are, in fact exempt from reassessment with no generational limitation. There are certain requirements for eligibility, but no cap, as is implied in his statement. I’d love to see a citation for the claim that corporations are legally able to evade property taxes through Prop 13. This is a very popular misconception parroted by multiple people with nothing to back it up. There was a guest editorial written by San Francisco’s Assessor (of all the people who should know better) that repeated this same claim. It simply isn’t true.

Also, the comment by Aaron above me is also false, transfers between parents and children are, in fact exempt from reassessment with no generational limitation. There are certain requirements for eligibility, but no cap, as is implied in his statement.

]]> By: Aaron http://www.doctorhousingbubble.com/the-california-financial-gambler%e2%80%99s-fallacy-%e2%80%93-5-reasons-why-the-budget-and-the-economy-will-keep-home-prices-stagnant-banks-paying-property-taxes-on-shadow-inventory/#comment-45227 Aaron Thu, 18 Feb 2010 10:48:35 +0000 http://www.doctorhousingbubble.com/?p=3011#comment-45227 Prop 13 will naturally die out with age. The property can only be tax protected to the second generation (grandchildren). After that it is taxed on the purchased price. Prop 13 will naturally die out with age. The property can only be tax protected to the second generation (grandchildren). After that it is taxed on the purchased price.

]]> By: Dave http://www.doctorhousingbubble.com/the-california-financial-gambler%e2%80%99s-fallacy-%e2%80%93-5-reasons-why-the-budget-and-the-economy-will-keep-home-prices-stagnant-banks-paying-property-taxes-on-shadow-inventory/#comment-45153 Dave Sun, 14 Feb 2010 01:00:55 +0000 http://www.doctorhousingbubble.com/?p=3011#comment-45153 NON OWNER OCCUPIED homes SHOULDN"T BE PROTECTED UNDER PROP 13 REGULATIONS. If the Bankrupt state of CA had any common sense they would reassess annual property taxes to a market rate on NON OWNER OCCUPIED homes to increase state revenues. Sorry folks but PROP 13 was meant to protect the Homeowner not the INVESTOR. Hey, Arnold, are you reading this????? NON OWNER OCCUPIED homes SHOULDN”T BE PROTECTED UNDER PROP 13 REGULATIONS.

If the Bankrupt state of CA had any common sense they would reassess annual property taxes to a market rate on NON OWNER OCCUPIED homes to increase state revenues. Sorry folks but PROP 13 was meant to protect the Homeowner not the INVESTOR.

Hey, Arnold, are you reading this?????

]]> By: CompaJD http://www.doctorhousingbubble.com/the-california-financial-gambler%e2%80%99s-fallacy-%e2%80%93-5-reasons-why-the-budget-and-the-economy-will-keep-home-prices-stagnant-banks-paying-property-taxes-on-shadow-inventory/#comment-45107 CompaJD Thu, 11 Feb 2010 22:08:56 +0000 http://www.doctorhousingbubble.com/?p=3011#comment-45107 I truly believe that the state/counties/cities has been overpaying and overpensioning individuals for years. This will all change this decade. I truly believe that the state/counties/cities has been overpaying and overpensioning individuals for years. This will all change this decade.

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