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Old 04-16-2018, 08:48 AM
 
Location: Chandler, AZ
3,285 posts, read 2,664,463 times
Reputation: 8225

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Quote:
Originally Posted by metoque View Post
Things that would help San Diego prices and inventory:
- Eliminate Prop13 and value-based property taxes. Make them based on type and size of land so that it's WAY more fair.
You should probably do some research into why Prop 13 was passed. As for making property taxes "based on type and size of land"... what, exactly, do you mean? Why is that more "fair"?

Quote:
- Prohibit foreign investment in residential real estate
Why? If I'm selling my house, and someone makes an offer, I'm supposed to investigate them and refuse their money if you don't like where it came from? Dollars are fungible.

Quote:
- Eliminate all tax benefits to landlords and owners of 2nd homes and beyond.
What "tax benefits" are you referring to? What do you think would be the outcome? I'll give you a free hint here... if I get punished for providing rental units, I'll stop doing so. I'll sell, and the buyers will either reside there, taking a rental out of the market; or possibly the buyer will be some corporation that you hate even more than me, that has the money to bribe politicians into doing what they want.

Quote:
- Fed needs to unwind it's QE, which is happening now, so that interest rates are set by the market and not so artificially low
And when interest rates go up, loans get more expensive, and borrowing goes down, and economic activity retracts. QE does need to be ended... but when interest rates climb again, we'll be deluged with cries that "The free market is broken!" and "Something must be done!"

Quote:
A lot of people (especially homeowners) are in denial about how much of a debt bubble our world is in, and it will come crashing down bringing real estate with it. Enjoy the price gains you've had.
And an awful lot of people who cry about the debt bubble would howl with fury if government spending were to be cut.
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