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Old 04-16-2008, 09:57 PM
 
Location: Humboldt Park, Chicago
2,686 posts, read 7,845,831 times
Reputation: 1196

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Buckhead is not typical of his profession. As an investor in Chicago I know about RE than the brokers I with, though I do use them to close the deals. Many of the realtors don't even have a bachelor's in business, finance, or economics. 400MM is a lot of home sales. I suspect the average agent does less than 10MM per year.

And to you who think you will have declining property taxes with declining values, good luck. In Chicago to make up for the shortfall they just increase the tax rate. I suspect the same is true in metros nationwide.

And I see a bottom late 2009 to early 2010. 2011 to 2012 seems a little pessimistic but time will tell.
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Old 04-16-2008, 11:12 PM
 
20,187 posts, read 23,764,196 times
Reputation: 9283
I told everyone about the increased in property taxes from overinflated value of their home... they just laughed it off.. they said when home prices decline so will property taxes... I told them the city and county already tied your payment to services and they aren't about to stop services because lower tax payments, they will just increase tax rates... again they laughed it off because they think they "know" better than me. And when it comes time that they complain about it... they forget I even mentioned it to them previously... it strange how people don't care about who is ripping them off until it hits home.. I know its going to rip me off and that's why I bring up the topic but usually people don't care about the future, just the present... this housing market is probably going to turnaround 2010-2011.. I think the government is going to get more involved... at EVERYONE'S expense... again nobody cares right now because they only care whats happening now instead of what's going to happen in the future... the NEAR future... when the government starts ripping you off to pay the corporations to stay in business and homeowners to continue their non-sustainable lifestyles... all at YOUR expense.. more importantly YOUR dime...
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Old 04-17-2008, 05:12 AM
 
Location: America
6,993 posts, read 17,313,667 times
Reputation: 2093
^^

What can e do about it though? All candidates believe in bailing out corporations and foolish citizens so what can we do really?
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Old 04-17-2008, 09:44 AM
 
Location: Texas
5,004 posts, read 7,845,487 times
Reputation: 5695
Quote:
Originally Posted by Wild Style View Post
^^

What can e do about it though? All candidates believe in bailing out corporations and foolish citizens so what can we do really?
What the founders of this country did. Write out a declaration of independence and list out the grievances we have with the federal bureaucracy.
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Old 04-17-2008, 10:44 AM
 
Location: America
6,993 posts, read 17,313,667 times
Reputation: 2093
Quote:
Originally Posted by TexianPatriot View Post
What the founders of this country did. Write out a declaration of independence and list out the grievances we have with the federal bureaucracy.
Yep, that should make a ton of things change
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Old 04-17-2008, 10:56 AM
 
Location: Boca Raton, FL
6,873 posts, read 11,191,509 times
Reputation: 10757
Smile You also get

tax benefits from owning your own home....
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Old 04-17-2008, 10:59 AM
 
16,087 posts, read 41,031,952 times
Reputation: 6374
Yep the market will probably come around right when the capital gains tax reduction expires --
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Old 04-17-2008, 12:29 PM
 
Location: Texas
5,004 posts, read 7,845,487 times
Reputation: 5695
are you willing to die in the name of liberty?
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Old 04-17-2008, 01:09 PM
 
3,459 posts, read 5,764,489 times
Reputation: 6677
Liberty.....maybe

Liberty and Tequila......absolutely
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Old 04-17-2008, 01:28 PM
 
Location: Texas
5,004 posts, read 7,845,487 times
Reputation: 5695
Quote:
Originally Posted by Wild Style View Post
Yep, that should make a ton of things change
Quote:
Originally Posted by sterlinggirl View Post
Liberty.....maybe

Liberty and Tequila......absolutely
I'll drink to that hun. Cheers
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