real estate prices & globalisation

Phil Scott wrote:

>
> The house price bloat provides the illusion of richness, so
> the victim will be willing to work himself to death to keep
> it.
>

Property taxes is the problem. In certain areas they approach the rent
of comparable apartment.
 >> Stay informed about: real estate prices & globalisation 

anon wrote:
>
> you want your property to appreciate or not?
>

I want my taxes stay at least flat. In my town people became so pissed
off that they requested referendum on tax rise and unanimously defeated
the tax hike. Interestingly enough, one referendum was not enough and
the second one was called to finalise the deal.
 >> Stay informed about: real estate prices & globalisation 

It (real estate prices)have masked the structural changes
underway in our standard of living. Without the real estate
engine masking deficit personal spending, we as a Nation
may want to revisit the lopsided benefits of globalisms.

Not all boats have been rising in this tide. Rewriting the
bankruptcy laws will bring to the fore considerable tention
and instability in American society.

Old Pif wrote:
> Phil Scott wrote:
>
>> The house price bloat provides the illusion of richness, so
>> the victim will be willing to work himself to death to keep
>> it.
>>
>
> Property taxes is the problem. In certain areas they approach the rent
> of comparable apartment.
>
 >> Stay informed about: real estate prices & globalisation 

Phil Scott wrote:
> --
> Phil Scott
> Ideas are bullet proof.
> "S. 'Trash' Ny Qui" <panno_zhai.TakeThisOut@yahoo.com> wrote in message
> news:1147040877.271269.233290@y43g2000cwc.googlegroups.com...
> > Globalisation is free movement of capital and labor between
> > countries.
> > We now see the free movement of capital, but we do not see
> > free
> > movement of labor between coutries. If a western country
> > opens up it
> > gates for everyone, it will be swamped with people from
> > thirld world
> > countries. A counter-force is necessary which will keep them
> > away. This
> > "conter-force" is high over-inflated prices for real estate.
> > People
> > will be unable anymore to buy accommodation from salaries
> > alone; they
> > have to inherit it. The citizens of the first-world country
> > have it
> > inhertited from their parents. The newcomers may come to the
> > US or
> > Australia or UK for work, and after some time they will see
> > that an
> > ordinary life is impossible because they can never afford to
> > buy a
> > house; and they will go back to their third world country.
> >
> > When the prices of real estate doubled and even tripled in
> > the past 10
> > years, I was still at grad school or in postdoc'ing. I
> > thought that the
> > prices for houses would drop later ("burst of the housing
> > bubble") when
> > I join the salaried workforce, and I will be able to buy a
> > house. It
> > started to occur to me now I was wrong. The conclusion is
> > that the high
> > overinflated prices for real estate are with us to stay.
> >
> > \/
>
> The house price bloat provides the illusion of richness, so
> the victim will be willing to work himself to death to keep
> it.
>
> Thats the new plan I think. As with all bogusness, devoid of
> actual production .. operating to the end of supporting a
> grossly cancerous over culture and governemt...

I saw an article about the real estate situation in, IIRC,
_The Atlantic Monthly_ over the weeked. It pretty much
sumarized what a number of people have been saying,
that there is a lot of risk building up in the U.S. real
estate market, especially for those who have not been
in it long enough.

Cheers,
Russell

> the approach has simply created a non viable national
> culture... one gone corrupt and self destructive in the case
> of the US. We gone through the birth, growth, prosperity
> phase of national existance and are now in to the lastest
> stages of national self destruction... examining the rate of
> decay to the current pit (masked though as it is in
> spots)...indicates to me serious ever increasing steep decline
> to depression levels over the next 5 years,...starting last
> year... this is not a prediction...it is an observation of the
> actual trend and the factors underlying it.
>
> it will be utterly ugly very shortly as the top half of our
> best paid work force retires and starts drawing social
> security, for which contribution are way more insufficent than
> advertised.... to work, recipients will be paid in more or
> less constant dollars as the actual dollar becomes 15 to 20%
> more worthless every year.
>
> Phil Scott
 >> Stay informed about: real estate prices & globalisation 

On Sun, 7 May 2006, Old Pif wrote:

>
> Phil Scott wrote:
>
>>
>> The house price bloat provides the illusion of richness, so
>> the victim will be willing to work himself to death to keep
>> it.
>>
>
> Property taxes is the problem. In certain areas they approach the rent
> of comparable apartment.
>

And, in some places, the taxes are proportional to the market values
rather than the assessed value, so when the market goes up, the taxes go
up, too. Big new shock every year. Where I used to live (eastern shore of
Maryland) the county had taxes proportional to calculated market value,
and they automatically factored in 9% house price inflation. So, in case
you all need that explained, it meant that my RE taxes went up 9% per year
and I was smoked off about it. At the time we sold the house, the county
assessors office had our house value about 18% higher than what it sold
for. I also earlier appealed the tax, and was turned down at the local
level, turned down on local appeal in-person hearing, too. Then, I talked
with a real estate agent about all this. She told me she knew of about a
hundred cases...the local appeal office routinely turned down ALL tax
appeals. Kangaroo court. Only other route is to state court and represent
yourself or pay a lawyer maybe more than you would save, and maybe lose
anyway. And, Kamal talks about his experience with US slavery. Kangaroo
court.

Where I am now, the taxes don't go up at all each year and my RE tax bill
is about 15% of what it was in Maryland.

Another one is the condo fee and special assessments. You pay big bucks
for the condo, then the condo fee is about the same as rent, too. One
place had a major roof leak problem. So, all the occupants of the building
had to pony out another $10,000 that year. Big ouch in wallet.
 >> Stay informed about: real estate prices & globalisation 

--
Phil Scott
Ideas are bullet proof.
"Old Pif" <OldPif RemoveThis @gmail.com> wrote in message
news:1147044629.857907.69760@j33g2000cwa.googlegroups.com...
>
> Phil Scott wrote:
>
>>
>> The house price bloat provides the illusion of richness, so
>> the victim will be willing to work himself to death to keep
>> it.
>>
>
> Property taxes is the problem. In certain areas they
> approach the rent
> of comparable apartment.

correct...it is bloated govt at the root of the high taxes and
that has made the nation non competitive in the world and
decimated our industrial production as it has been forced
offshore.

we are a nation run by complete idiots,

Phil Scott
>
 >> Stay informed about: real estate prices & globalisation 

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 >> Stay informed about: real estate prices & globalisation 

"Old Pif" <OldPif.DeleteThis@gmail.com> wrote in message
news:1147044629.857907.69760@j33g2000cwa.googlegroups.com...
>
> Phil Scott wrote:
>
>>
>> The house price bloat provides the illusion of richness, so
>> the victim will be willing to work himself to death to keep
>> it.
>>
>
> Property taxes is the problem. In certain areas they approach the rent
> of comparable apartment.
>

at least in the north-east, high property taxes are thought of as a proof
of a good school district and thus of a guaranteed price rise. so high taxes
are not resented. this has led to widespread corruption in many school
dstricts due to the free money. superintendents in some places in jersey
earn 200k+.

you want your property to appreciate or not?
 >> Stay informed about: real estate prices & globalisation 

--
Phil Scott
Ideas are bullet proof.
"anon" <me.DeleteThis@privacy.net> wrote in message
news:V4w7g.4343$Rf6.3934@trndny05...
>
> "Old Pif" <OldPif.DeleteThis@gmail.com> wrote in message
> news:1147044629.857907.69760@j33g2000cwa.googlegroups.com...
>>
>> Phil Scott wrote:
>>
>>>
>>> The house price bloat provides the illusion of richness,
>>> so
>>> the victim will be willing to work himself to death to
>>> keep
>>> it.
>>>
>>
>> Property taxes is the problem. In certain areas they
>> approach the rent
>> of comparable apartment.
>>
>
> at least in the north-east, high property taxes are thought
> of as a proof of a good school district and thus of a
> guaranteed price rise. so high taxes are not resented. this
> has led to widespread corruption in many school dstricts due
> to the free money. superintendents in some places in jersey
> earn 200k+.
>
> you want your property to appreciate or not?

thats a superficial gain. its *temporary, as the rip off has
decimated industrial production in the US due to the high
taxes on property and wages...,making both non competitive in
world markets.


>
>
 >> Stay informed about: real estate prices & globalisation 

Just Cocky wrote:
>
>
> This is only a problem in socialist societies. In capitalist
> societies, this is actually an advantage.

You overlook the problem of communicable diseases. If we let in filth
from other lands, do not be too surprised when the number of drug
resistant TB cases increases suddenly. Most foreigners are filthy folk
from filthy countries. They are laden with disease pathogens. Also our
own poor are a filthy diseased lot.

Bob Kolker
 >> Stay informed about: real estate prices & globalisation 

"S. 'Trash' Ny Qui" <panno_zhai.RemoveThis@yahoo.com> wrote in message
news:1147040877.271269.233290@y43g2000cwc.googlegroups.com...
> Globalisation is free movement of capital and labor between countries.
> We now see the free movement of capital, but we do not see free
> movement of labor between coutries. If a western country opens up it
> gates for everyone, it will be swamped with people from thirld world
> countries. A counter-force is necessary which will keep them away. This
> "conter-force" is high over-inflated prices for real estate. >
> \/
\
V has a really interesting point, especially from his Down Under experience.
The housing bubble there is way worse (hard as that is to believe) than in
the U.S. Apparently mega tons of money come in from outside, and drive up
prices.

Partly this is due to the fact that the wealthy in other parts of the world
see Australia as a place to move to, to send their kids to school, and so
on. So there is a huge amount of foreign investment in real estate. Partly
this is fueled by flexible immigration laws that heavily favor folks who can
come up with $AD 750,000 for investment in Australia.

Hence, prices for everything are way higher than here in the US, even taking
the exchange rate into consideration. I don't see how anyone can make it
there.

OTOH, by and large you don't go without food, housing, education, or health
care--the bottom is quite a ways higher than in the USA.

V, all things considered (believe it or not) you are better off where you
are.
 >> Stay informed about: real estate prices & globalisation 

This message is not archived
 >> Stay informed about: real estate prices & globalisation 

On Mon, 8 May 2006, Smith Rhoade wrote:

>
> "S. 'Trash' Ny Qui" <panno_zhai RemoveThis @yahoo.com> wrote in message
> news:1147040877.271269.233290@y43g2000cwc.googlegroups.com...
>> Globalisation is free movement of capital and labor between countries.
>> We now see the free movement of capital, but we do not see free
>> movement of labor between coutries. If a western country opens up it
>> gates for everyone, it will be swamped with people from thirld world
>> countries. A counter-force is necessary which will keep them away. This
>> "conter-force" is high over-inflated prices for real estate. >
>> \/
> \
> V has a really interesting point, especially from his Down Under experience.
> The housing bubble there is way worse (hard as that is to believe) than in
> the U.S. Apparently mega tons of money come in from outside, and drive up
> prices.
>
> Partly this is due to the fact that the wealthy in other parts of the world
> see Australia as a place to move to, to send their kids to school, and so
> on. So there is a huge amount of foreign investment in real estate. Partly
> this is fueled by flexible immigration laws that heavily favor folks who can
> come up with $AD 750,000 for investment in Australia.
>
> Hence, prices for everything are way higher than here in the US, even taking
> the exchange rate into consideration. I don't see how anyone can make it
> there.

You should see it in Europe, UK. I saw some stats (if they are any good)
that the average person there has less of a chance to own their homes,
have higher debt levels, pays more interest, the whole nine yards.


> OTOH, by and large you don't go without food, housing, education, or health
> care--the bottom is quite a ways higher than in the USA.
>
> V, all things considered (believe it or not) you are better off where you
> are.
>
>
>
 >> Stay informed about: real estate prices & globalisation