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Thread summary:

Montana: job market, cost of living, mortgage, increase in income, real estate.

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Old 07-14-2008, 06:04 PM
 
Location: Brendansport, Sagitta IV
7,540 posts, read 12,567,152 times
Reputation: 2952

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Quote:
Originally Posted by Radek View Post
Just don't make the improvements to your property too obvious.
Property tax: a fine for improving your property. -- R.A. Heinlein

Quote:
Originally Posted by Radek View Post
When my folks bought our property in Eastern WA, it was just a couple ramshackle huts... we have a lifelong tenant on there who's added a sauna, a hot-water shower, expanded his building into two stories... etc etc. A year or so ago, some county inspectors came up to assess the property value. Taxes rose quite a bit
That's why California passed Proposition 13, which limits property taxes to approx. 1% of assessed value AT THE TIME OF THE MOST RECENT SALE. So if your property goes up in value, you don't get a horrid shock when the next property tax comes due. (In practice, it winds up being about 2% because of the various "special assessments" that get tacked on, but those are still based on a percentage of value as of what YOU paid for the property. Not what the gov't has SINCE decided it is worth.)

Before Prop 13, retired and fixed-income people were being forced to sell their homes right and left. Without Prop 13, because of the recent real estate spike my annual property taxes would have gone from $2100 to $24,000 (yes, you read that right, 24 THOUSAND dollars) in just the past 5 years. That's more than I make in a whole year. In fact, without Prop 13 I'd have been forced to sell within a couple years after I got the place, because I just don't make enough money to cover doubled taxes, let alone taxes ten times what they started at.

Some people scream about how Prop 13 "caused" CA's current budget deficit, because the state can't raise property taxes whenever it likes, as it did before, just by having the assessor's office sweep an improving or appreciating neighbourhood.

To which I say -- Too Damn Bad. Government can live within its means, JUST LIKE WE HAVE TO DO. We don't get to go out and rob someone whenever we run out of money; why should the gov't be allowed to do exactly that?? (And remember, bonds aren't free money. YOU and your children pay for them, usually with increased property taxes. At an average rate of 3 dollars paid back for every dollar the gov't BORROWED by way of bonds.)

Quote:
Originally Posted by Radek View Post
And timber: Yeah, its ridiculous... hell, Obama spent the 4th here. Why?!
To "show the people that he's one of them". While vacationing. Or so I assume, that being the usual reason a politician visits some state that means nothing to the final vote. (Am I getting cynical, or just overly realistic?
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Old 07-14-2008, 06:05 PM
 
Location: Brendansport, Sagitta IV
7,540 posts, read 12,567,152 times
Reputation: 2952
Quote:
Originally Posted by Timberwolf232 View Post
My only guess would be some of these rich cats must donate a lot of $$ to campaigns.
That too... politicians being nothing but an extension of the Old Boy Network.
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Old 09-08-2008, 07:26 PM
 
Location: Florida
12 posts, read 32,270 times
Reputation: 10
This has nothing to do with the thread really, but I will be moving to Montana in the next 3-4 months and if Montana is full of people like you guys I am really going to love it there! It is a real treat to hear what you all have to say. It is so rare to hear people with such heart and passion about life and where they live. Thanks for restoring my faith in mankind! I live in a city full of selfish, uncaring people and it's refreshing to hear talk of things that actually matter. Thanks again!!
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