The Glut Cometh

[cqaigy2]

My point was that there was no forethought into what to do with obsolete materials etc...right now all that so called green energy hardware is ending up in landfills because there was no plans to recycle...

My point is they are doing business in the USA, we(USA) buy their products, we don't require businesses do any of that, why would they take on that cost? It would bite into their profits, and stock holders want the best return.

 

[stuckmotor]

You must have one of those propane-powered microwaves or something. Mine doesn't work when the power's off.

As far as air fryers go, maybe it's just that everybody who wants one has one. Someone gave us one a few years ago, we used it once or twice but it was more of a PITA than it was worth. Noisy, and one of those things that no matter where you stored it it was in the way. Gave it away.

Thank you. I was getting pumped to buy one.

 

[JasperFrank]

The 2008 crunch was because of all the NINGA Loans.
In 2006 I thought i could arrange a bridge loan using my payed up property as collateral to buy property in Seattle. The banks didn't care that I owned anything. And this was the first red light warning. Both of us came out of that meeting wondering what the hell they were offering. I am so glad, I didn't fall for any of it.

The two problems with housing is that, there are foreign speculators, that are perfectly willing not to have a tenant and renters are now mostly drug addicted crap that will destroy your property. It was a very strange world to work in at my level of property management. I have to say, never rent a house, and the speculators are right. Thus we have a housing shortage. Its cheaper in the long run to have the house/ apartment/ condo empty as property values go up then to collect a rent or maintain a property to rental codes.

 

[ultrarunner]

The 2008 crunch was because of all the NINGA Loans.
In 2006 I thought i could arrange a bridge loan using my payed up property as collateral to buy property in Seattle. The banks didn't care that I owned anything. And this was the first red light warning. Both of us came out of that meeting wondering what the hell they were offering. I am so glad, I didn't fall for any of it.

The two problems with housing is that, there are foreign speculators, that are perfectly willing not to have a tenant and renters are now mostly drug addicted crap that will destroy your property. It was a very strange world to work in at my level of property management. I have to say, never rent a house, and the speculators are right. Thus we have a housing shortage. Its cheaper in the long run to have the house/ apartment/ condo empty as property values go up.

Except with the rash if vacancy taxes being assessed above property taxes...

 

[JasperFrank]

I still think that a taxing body has to have compulsisory first option to buy any property at the level it is assessed at that can be triggered by the property owner.

County wants you to pay tax on an assessed value, okay, then they, if you elect, have to buy it, at that assessed value.

 

[5030]

I still think that a taxing body has to have compulsisory first option to buy any property at the level it is assessed at that can be triggered by the property owner.

County wants you to pay tax on an assessed value, okay, then they, if you elect, have to buy it, at that assessed value.

Real estate taxes are a ponzi scheme. You never own your property because if you don't pay your RE taxes in a timely manner, the taxing entity forecloses on it, sells it at auction and you are still responsible for the balance of the taxes and they will hound you forever.

What galls me is how the RE taxes are distributed. I realize they support local infrastructure but some of the line items border on insanity and of course local school districts get the lions share of it and then turn around and ask for more via bond issues (I always vote no on all of them). they get enough as it is... and it don't matter if you have school age kids or not, you still support them. Conversely, if you rent (I am a landlord and own multiple rental properties), you never pay any property taxes no matter how many school age children you have in the local school district. Renting is really the way to go actually. Too bad good renters are a rare commodity. I happen to have good ones but a lot of landlords don't. Poor renters can be a huge liability as they can destroy a rental property and you really have no recourse other than the security deposit and that rarely covers the damage bad renters can do. Been there, did that and it's not a pleasant thing to deal with financially.

 

[cqaigy2]

I still think that a taxing body has to have compulsisory first option to buy any property at the level it is assessed at that can be triggered by the property owner.

County wants you to pay tax on an assessed value, okay, then they, if you elect, have to buy it, at that assessed value.

I think you are talking over my head. Who would be buying the property and when?

 

[cqaigy2]

Real estate taxes are a ponzi scheme. You never own your property because if you don't pay your RE taxes in a timely manner, the taxing entity forecloses on it, sells it at auction and you are still responsible for the balance of the taxes and they will hound you forever.

What galls me is how the RE taxes are distributed. I realize they support local infrastructure but some of the line items border on insanity and of course local school districts get the lions share of it and then turn around and ask for more via bond issues (I always vote no on all of them). they get enough as it is... and it don't matter if you have school age kids or not, you still support them. Conversely, if you rent (I am a landlord and own multiple rental properties), you never pay any property taxes no matter how many school age children you have in the local school district. Renting is really the way to go actually. Too bad good renters are a rare commodity. I happen to have good ones but a lot of landlords don't. Poor renters can be a huge liability as they can destroy a rental property and you really have no recourse other than the security deposit and that rarely covers the damage bad renters can do. Been there, did that and it's not a pleasant thing to deal with financially.

Please correct my assumption here. You don't support kids getting a good education, unless you have children of that age?

 

[TheMan419]

Real estate taxes are a ponzi scheme. You never own your property because if you don't pay your RE taxes in a timely manner, the taxing entity forecloses on it, sells it at auction and you are still responsible for the balance of the taxes and they will hound you forever.

What galls me is how the RE taxes are distributed. I realize they support local infrastructure but some of the line items border on insanity and of course local school districts get the lions share of it and then turn around and ask for more via bond issues (I always vote no on all of them). they get enough as it is... and it don't matter if you have school age kids or not, you still support them. Conversely, if you rent (I am a landlord and own multiple rental properties), you never pay any property taxes no matter how many school age children you have in the local school district. Renting is really the way to go actually. Too bad good renters are a rare commodity. I happen to have good ones but a lot of landlords don't. Poor renters can be a huge liability as they can destroy a rental property and you really have no recourse other than the security deposit and that rarely covers the damage bad renters can do. Been there, did that and it's not a pleasant thing to deal with financially.

Ummm..... renters sure they don't pay property taxes directly to the taxing authority.... but unless you are renting it out at a loss they are paying the taxes to you as part of their rent and you are sending it along to the tax man. If your property taxes went up 50% wouldn't you increase your rent the same?

 

[MossRoad]

Ummm..... renters sure they don't pay property taxes directly to the taxing authority.... but unless you are renting it out at a loss they are paying the taxes to you as part of their rent and you are sending it along to the tax man. If your property taxes went up 50% wouldn't you increase your rent the same?

Pretty much.
Renters pay rent.
Landlords pay taxes.
Taxes go up then rent goes up.