And, of course, the next step is legislation designed to force investors to provide mortgage money (which will totally dry up.)
Following that, there’ll be the mandatory tax (after all, it’s Californicateia) to loan all those illegal aliens so that they can live in a house for which they’ll pay no taxes.
because there are a whole lot of postings about them ;)
Never post with a loaded hammer.
If the price goes down, the property value and tax revenue drop...
I guess San Bankrupt-adino wouldn’t like that.
How about a flat property tax on all houses? This will not go down when property values drop?
Is that coming?
Nail Houses are
How things have changed. When I was a kid, if there was a "holdout property owner" the Chinese government simply took the bloke out back and shot him. Makes me feel old.
(But a lot happier for the Chinese!)
Patience my friend......
It takes about 15-20 seconds for F.R. to ‘post’
You might want to go back and remove the ‘other’ 3 posts of the same article.
If an owner doesn't want to come down on her price in a private transaction, then that is her business and nobody else's.