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To: Hostage

BlackRock is not your friend.

They are an incredibly powerful financial force.

They do not pretend to act in the in interest of anyone except themselves.

I was on a conference call with a BlackRock employee, which was arranged by my stock broker. I was NOT IMPRESSED at all.

I see what they are doing to rural Texas housing prices and it reflects back upon property taxes.

One of my homes (at our farm) which has been vacant for 8 years and has been in gutted state inside for most of that time in the kitchen and 2 bathrooms; suddenly saw a 57% increase in appraisal value. Yes, BlackRock is affecting things inside Texas. I do not blame people for fleeing big cities and oppressive state, but I hate the collateral effect. It will not last forever.

I’ve spent the past 3 months with the help of 2 contractors working on the home, so I can move there to stop the thieves from stealing our equipment. We have had 14 break-in’s at our shops over the past 7 years. They hit the house 2 times. It is 4 miles from town on a busy shighway. The only way it stops, is when I am living there. Which I hope to be there within another month.


13 posted on 09/07/2022 5:04:05 AM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: Texas Fossil
BlackRock is not your friend.

Worth repeating.

15 posted on 09/07/2022 5:09:04 AM PDT by NautiNurse (Ron DeSantis is Top Gov)
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To: Texas Fossil

Blackrock is to real estate/investing what Gates is to farmland. Too much power consolidated by groups that want to do us harm.

https://thefederalist.com/2021/11/03/how-the-massive-money-manager-blackrock-endangers-u-s-prosperity-and-national-security/


20 posted on 09/07/2022 5:23:32 AM PDT by LilFarmer
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To: Texas Fossil
One of my homes (at our farm) which has been vacant for 8 years and has been in gutted state inside for most of that time in the kitchen and 2 bathrooms; suddenly saw a 57% increase in appraisal value.

Easy way to fix that. Appraisal is made/sale price is reported when the home is purchased. That dollar amount is then locked in place as the value for any future taxing purposes. This value is only changed when 1) a new building is built, and only that addition is considered in re-appraising the property, and 2) when the home is sold and a new ownership takes over, where the process starts anew and their appraisal value is locked in place.

Cities would always know how much tax revenue will come in.
You always know what your tax bill will be, as it should be the same as last year, none of the 10% capped increase every year!
If cities need more revenue, they're forced to go through the political process of actually, properly, raising tax rates, which gives the citizens some say and more control over this whole process.
52 posted on 09/07/2022 6:27:15 PM PDT by Svartalfiar
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