Comments on: The Church of the Fed: Praying for Rate Cuts and SoCal Short Sales http://www.doctorhousingbubble.com/the-church-of-the-fed-praying-for-rate-cuts-and-socal-short-sales/ How I Learned to Love Southern California and Forget the Housing Bubble Sun, 12 Oct 2008 19:55:04 +0000 http://wordpress.org/?v=2.2.2 By: surfaddict http://www.doctorhousingbubble.com/the-church-of-the-fed-praying-for-rate-cuts-and-socal-short-sales/#comment-7299 surfaddict Fri, 01 Feb 2008 22:03:46 +0000 http://www.doctorhousingbubble.com/the-church-of-the-fed-praying-for-rate-cuts-and-socal-short-sales/#comment-7299 JC That still dont make it right!! Didn't your folks ever say to you" Just cuzz Johnny's doing it, doesnt mean you should too. If Johnny jumped off a cliff, would you? That is the logic of your argument. History lesson: Pilgrims came to America to get away from high taxation, and religous persecution. Well i guess we had a few good hundred years, now we (USA) are almost as bad our ancestry's monarchys from which we escaped!! JC
That still dont make it right!!
Didn’t your folks ever say to you” Just cuzz Johnny’s doing it, doesnt mean you should too. If Johnny jumped off a cliff, would you?

That is the logic of your argument.

History lesson: Pilgrims came to America to get away from high taxation, and religous persecution. Well i guess we had a few good hundred years, now we (USA) are almost as bad our ancestry’s monarchys from which we escaped!!

]]> By: RedBoots http://www.doctorhousingbubble.com/the-church-of-the-fed-praying-for-rate-cuts-and-socal-short-sales/#comment-7292 RedBoots Fri, 01 Feb 2008 19:34:39 +0000 http://www.doctorhousingbubble.com/the-church-of-the-fed-praying-for-rate-cuts-and-socal-short-sales/#comment-7292 JC, My husband and I enjoy a nice lifestyle in spite of the fact that the government charges a premium of over 40% of our income to do so. You're kidding yourself, though, if you think that we enjoy the 60% the government allows us to keep. We pay property tax, sales tax, fees to register our vehicles, b.s. govermnent fees tacked on to home and cell phone bills and on and on and on. All of our utility bills include various fees and taxes, some that add up to nearly 50% of each bill! Our businesses are also heavily burdened by taxation. We pay taxes to the city, the state and the feds. We pay licensing fees based on our revenue; we pay property taxes on properties that we LEASE, but which the city chooses to impose property tax anyhow. We pay payroll and social security taxes for our employees, etc. Americans may enjoy a lower official tax rate than the rest of the world, but I think it's naive to assume that the official word on anything is true. JC,

My husband and I enjoy a nice lifestyle in spite of the fact that the government charges a premium of over 40% of our income to do so. You’re kidding yourself, though, if you think that we enjoy the 60% the government allows us to keep. We pay property tax, sales tax, fees to register our vehicles, b.s. govermnent fees tacked on to home and cell phone bills and on and on and on. All of our utility bills include various fees and taxes, some that add up to nearly 50% of each bill!

Our businesses are also heavily burdened by taxation. We pay taxes to the city, the state and the feds. We pay licensing fees based on our revenue; we pay property taxes on properties that we LEASE, but which the city chooses to impose property tax anyhow. We pay payroll and social security taxes for our employees, etc.

Americans may enjoy a lower official tax rate than the rest of the world, but I think it’s naive to assume that the official word on anything is true.

]]> By: JC http://www.doctorhousingbubble.com/the-church-of-the-fed-praying-for-rate-cuts-and-socal-short-sales/#comment-7278 JC Fri, 01 Feb 2008 15:09:15 +0000 http://www.doctorhousingbubble.com/the-church-of-the-fed-praying-for-rate-cuts-and-socal-short-sales/#comment-7278 surfaddict, you say near the end of your post "we can pay high taxes". It may be true that we could handle paying "high taxes", but if you are suggesting that we currently do pay "high taxes" that is a fallacy. The US has one of the lowest tax rates in the industrialized world. surfaddict, you say near the end of your post “we can pay high taxes”. It may be true that we could handle paying “high taxes”, but if you are suggesting that we currently do pay “high taxes” that is a fallacy. The US has one of the lowest tax rates in the industrialized world.

]]> By: Tesh http://www.doctorhousingbubble.com/the-church-of-the-fed-praying-for-rate-cuts-and-socal-short-sales/#comment-7196 Tesh Thu, 31 Jan 2008 23:38:50 +0000 http://www.doctorhousingbubble.com/the-church-of-the-fed-praying-for-rate-cuts-and-socal-short-sales/#comment-7196 With the talk of "living within your means" we also need to talk about "investing is not saving". 401ks, IRAs, and such are no more saving than turning your money into chips and giving them to a blackjack addict in Vegas. I love Jon Stewart's insightful comment to Alan "bubbles" Greenspan: “It seems to me that we favor investment, but we don’t favor work”. As long as our economy is driven by consumption, rather than production, and "investment" is the key to "financial security" while your "money works for you", we're still just playing the shell game of redistributing wealth from the poor to the rich. Just keep dangling that carrot of "hitting it big with the right investment portfolio", and the Ponzi scheme grows. With the talk of “living within your means” we also need to talk about “investing is not saving”. 401ks, IRAs, and such are no more saving than turning your money into chips and giving them to a blackjack addict in Vegas.

I love Jon Stewart’s insightful comment to Alan “bubbles” Greenspan: “It seems to me that we favor investment, but we don’t favor work”.

As long as our economy is driven by consumption, rather than production, and “investment” is the key to “financial security” while your “money works for you”, we’re still just playing the shell game of redistributing wealth from the poor to the rich. Just keep dangling that carrot of “hitting it big with the right investment portfolio”, and the Ponzi scheme grows.

]]> By: BK http://www.doctorhousingbubble.com/the-church-of-the-fed-praying-for-rate-cuts-and-socal-short-sales/#comment-7192 BK Thu, 31 Jan 2008 18:34:30 +0000 http://www.doctorhousingbubble.com/the-church-of-the-fed-praying-for-rate-cuts-and-socal-short-sales/#comment-7192 According to this Real Estate "expert" on the "The Today Show" this morning we can all sit back and relax because, "THE GOOD OLD DAYS WE'VE ALL BEEN DREAMING ABOUT ARE BACK" because of the recent Fed rate cuts!!! As she says, "IT'S A GOOD SHOT IN THE ARM FOR THE REAL ESTATE MARKET THAT WILL PUSH NERVOUS BUYERS OFF OF THE FENCE AND INTO THE MARKET!" WOW!!! I'm so excited!!! YIPPIE!!! See this BREAKING NEWS right here: http://www.msnbc.msn.com/id/21134540/vp/22931159#22931159 According to this Real Estate “expert” on the “The Today Show” this morning we can all sit back and relax because, “THE GOOD OLD DAYS WE’VE ALL BEEN DREAMING ABOUT ARE BACK” because of the recent Fed rate cuts!!! As she says, “IT’S A GOOD SHOT IN THE ARM FOR THE REAL ESTATE MARKET THAT WILL PUSH NERVOUS BUYERS OFF OF THE FENCE AND INTO THE MARKET!” WOW!!! I’m so excited!!! YIPPIE!!! See this BREAKING NEWS right here:

http://www.msnbc.msn.com/id/21134540/vp/22931159#22931159

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