“That’s Hedley!” (inserted Blazing Saddles quote for humour)
In Indiana (as I recall) and in Florida, annual tax increases are capped at
something like 1 or 1.5%. But - if you sell everything gets reset, so the new
owners pay based on the appraised value, just as you mentioned. I think that’s
On 2022-06-24 12:25, dan penoff.com via Mercedes wrote:
Taxes here are capped, just like they are in Indiana. They can raise
all they want, but only a minuscule amount annually.
The "Headley Amendment" to Michigan's Constitution limits increases in
taxable value to the CPI inflation numbers.
The peak has passed as far as I’m concerned, so the folks that are trying to
profit take are going to be butthurt as the market values decline and demand
does as well.
That being said, there’s still a lot of demand in both places we live, but the
inventory has definitely increased, giving the
Taxes here are capped, just like they are in Indiana. They can raise all they
want, but only a minuscule amount annually.
-D
> On Jun 24, 2022, at 9:22 AM, Rick Knoble via Mercedes
> wrote:
>
>> I’ve already got my popcorn out to watch the show. If they get it, it’s good
>> for all of us.
>
Just for giggles I looked at the listings around our vast northern estate.
https://www.redfin.com/ME/Caribou/522-Grimes-Mill-Rd-04736/home/97646019
Our place is 554, a couple houses south.
Slide down to the bottom of the listing and notice that it sold in 2020 for
$39k. I'd debated buying it
> I’ve already got my popcorn out to watch the show. If they get it, it’s good
> for all of us.
If you plan on selling, yes.
If you plan on staying, not so much. Any increase in assessment value means
higher taxes.
Rick
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Yup.
Or Kalifornia.
-D
> On Jun 24, 2022, at 9:18 AM, Rick Knoble via Mercedes
> wrote:
>
>> despite all the PRK license plates you see around here.
>
> PRK = People's Republic of Kommiefornia?
>
>
> Rick
> ___
> http://www.okiebenz.com
>
> To search
> despite all the PRK license plates you see around here.
PRK = People's Republic of Kommiefornia?
Rick
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e 24, 2022 8:39 AM
To: Mercedes Discussion List<mailto:mercedes@okiebenz.com>
Cc: Curt Raymond<mailto:curtlud...@yahoo.com>
Subject: Re: [MBZ] OT: Scottsdale real estate
I don't know that the bubble is bursting, more like the wave is receding. As
that cheap financing goes away you don't se
No bubble, simple supply and demand economics.
Even in a hot market like Flagstaff where there are tons of investor owned
properties, things are starting to slow a bit. It’s partly due to the increase
in interest rates taking potential buyers on the fringes out coupled with the
peak time for
Raymond via MercedesSent: Friday, June 24, 2022 8:39 AMTo: Mercedes Discussion ListCc: Curt RaymondSubject: Re: [MBZ] OT: Scottsdale real estate I don't know that the bubble is bursting, more like the wave is receding. As that cheap financing goes away you don't see the mad rush so much anymore
That and Zillow learned the hard way that a computer profile doesn't tell you
if the house is actually any good or not. They got caught buying garbage houses
at premium prices and lost big.
-Curt
On Friday, June 24, 2022 at 11:45:35 AM EDT, Allan Streib via Mercedes
wrote:
Also VC money
Also VC money is drying up. So companies like Zillow and Redfin buying property
on spec knowing they can sell it tomorrow for more is probably coming to an end.
On Fri, Jun 24, 2022, at 10:38 AM, Curt Raymond via Mercedes wrote:
> I don't know that the bubble is bursting, more like the wave is
I don't know that the bubble is bursting, more like the wave is receding. As
that cheap financing goes away you don't see the mad rush so much anymore.
-Curt
On Friday, June 24, 2022 at 11:34:39 AM EDT, mitch--- via Mercedes
wrote:
Has the bubble burst in AZ?
This is 1/3 bigger than
The bubble bursts quickest for the most desperate.
On Fri, Jun 24, 2022 at 11:34 AM mitch--- via Mercedes <
mercedes@okiebenz.com> wrote:
> Has the bubble burst in AZ?
> This is 1/3 bigger than my house and a lot less outdated.
>
> https://i.redd.it/ykwhvg85o6791.jpg
>
>
>
>
Has the bubble burst in AZ?
This is 1/3 bigger than my house and a lot less outdated.
https://i.redd.it/ykwhvg85o6791.jpg
https://www.redfin.com/AZ/Scottsdale/9468-E-Sunnyside-Dr-85260/home/27779763
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