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Old 06-26-2023, 09:44 AM   #1
Titty Meat Titty Meat is offline
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Same bullshit is going on in Omaha and the rest of Nebraska. I just moved to Fremont and within days there's a letter is in the mailbox from the assessor asking all kinds of questions...yeah **** you I ain't answering shit...
How do you expect Rhule to make 9.5 a year?
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Old 06-26-2023, 09:49 AM   #2
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Old 06-26-2023, 11:20 AM   #3
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It’s a supply side issue.

Fewer new homes are being built due to labor and material shortages (and interest rate hikes). Rather than an expanding tax base, municipalities are jacking up rates for existing properties.

Same is going on in the personal property tax arena due to less cars/boats/etc. built.

https://www.ksdk.com/amp/article/mon...7-313282b6f89c

Last edited by Skyy God; 06-26-2023 at 11:59 AM..
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Old 06-26-2023, 12:09 PM   #4
Hammock Parties Hammock Parties is offline
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Originally Posted by Skyy God View Post
It’s a supply side issue.

Fewer new homes are being built due to labor and material shortages (and interest rate hikes). Rather than an expanding tax base, municipalities are jacking up rates for existing properties.

Same is going on in the personal property tax arena due to less cars/boats/etc. built.

https://www.ksdk.com/amp/article/mon...7-313282b6f89c
maybe if they'd stop paying for stupid shit like painting roads gay we wouldn't have this issue
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Old 06-26-2023, 12:23 PM   #5
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maybe if they'd stop paying for stupid shit like painting roads gay we wouldn't have this issue
While stupid the road painting has nothing to do with with this.
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Old 06-26-2023, 12:32 PM   #6
Hammock Parties Hammock Parties is offline
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While stupid the road painting has nothing to do with with this.
there are thousands of stupid things the government spends money on

money they piss away so now they have to jack up property tax at obscene, illegal rates
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Old 06-26-2023, 01:25 PM   #7
Eureka Eureka is offline
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How does CA Prop. 13 work?
Under Proposition 13, property taxes are limited to one percent of the assessed value. Additional property taxes may be approved for schools or local projects, which can vary amongst communities and bring the tax rate higher than one percent.
I still pay an outrageous amount of property taxes compared to other states homeowners though. Maybe, the county should have something similar to California's prop 13?
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Old 06-26-2023, 02:21 PM   #8
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Old 06-26-2023, 05:25 PM   #9
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Old 06-26-2023, 06:42 PM   #10
WilliamTheIrish WilliamTheIrish is offline
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I cannot for the life of me understand how people bought houses in the 80s when rates were briefly at 20% before settling into the 'manageable' low teens
My first mortgage was in 1984 @ 17.7%. Beautiful little airplane bungalow in the oldest part of town. 40k.

And yes contraction of the money supply is exactly set up to slow down the housing market. Hope it works. I’m headed out of this area soon enough. Will definitely be a shoebox instead of a palace as I set up for the 3rd and 4th quarter of life.
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Old 06-26-2023, 08:43 PM   #11
Titty Meat Titty Meat is offline
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Originally Posted by WilliamTheIrish View Post
My first mortgage was in 1984 @ 17.7%. Beautiful little airplane bungalow in the oldest part of town. 40k.

And yes contraction of the money supply is exactly set up to slow down the housing market. Hope it works. I’m headed out of this area soon enough. Will definitely be a shoebox instead of a palace as I set up for the 3rd and 4th quarter of life.
What retirement home are you going to?
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Old 06-27-2023, 11:00 AM   #12
WilliamTheIrish WilliamTheIrish is offline
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What retirement home are you going to?


Good one!

No retirement home. lol.
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Old 06-27-2023, 11:02 AM   #13
WilliamTheIrish WilliamTheIrish is offline
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But shit man, we may just have to have another housing collapse to ever get back to normalcy.
If contraction doesn’t do it, it’ll be far worse than 08.
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Old 06-27-2023, 12:57 PM   #14
Bob Dole Bob Dole is offline
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Originally Posted by WilliamTheIrish View Post
My first mortgage was in 1984 @ 17.7%. Beautiful little airplane bungalow in the oldest part of town. 40k.

And yes contraction of the money supply is exactly set up to slow down the housing market. Hope it works. I’m headed out of this area soon enough. Will definitely be a shoebox instead of a palace as I set up for the 3rd and 4th quarter of life.
I pulled the trigger in 87 at 10%, thinking that was as low as we were going to see again.
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Old 06-27-2023, 07:53 AM   #15
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What a ****ing mess

https://www.kshb.com/news/local-news...-its-worth-35k
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