Man alive. The housing market is nowhere near bottom, folks.
My property tax assessment came out at 50k more than I bought my house for.
well thats not good cause now you owe more taxes... lol
_________________ Last visit was: Wed Dec 31, 1969 7:00 pm It is currently Wed Oct 22, 2008 6:43 am When the Power of Love overcomes the Love of Power, the World will know Peace. - Jimi Hendrix
_________________ Last visit was: Wed Dec 31, 1969 7:00 pm It is currently Wed Oct 22, 2008 6:43 am When the Power of Love overcomes the Love of Power, the World will know Peace. - Jimi Hendrix
Oh man, this has potential if Kris wishes to reply.
I just read the "atm" part and pictured Kosmic doing ass to mouth.
depends how you feel about rimming the atm at Chase
_________________ Last visit was: Wed Dec 31, 1969 7:00 pm It is currently Wed Oct 22, 2008 6:43 am When the Power of Love overcomes the Love of Power, the World will know Peace. - Jimi Hendrix
_________________ Last visit was: Wed Dec 31, 1969 7:00 pm It is currently Wed Oct 22, 2008 6:43 am When the Power of Love overcomes the Love of Power, the World will know Peace. - Jimi Hendrix
Man alive. The housing market is nowhere near bottom, folks.
My property tax assessment came out at 50k more than I bought my house for.
well thats not good cause now you owe more taxes... lol
Pretty much an inevitability, of course.
When did you buy your house?
Six months ago.
Interesting. You going to appeal this valuation?
thats what i was thinking
_________________ Last visit was: Wed Dec 31, 1969 7:00 pm It is currently Wed Oct 22, 2008 6:43 am When the Power of Love overcomes the Love of Power, the World will know Peace. - Jimi Hendrix
However, dpending on the tax law...that valuation could represent a prior time period. The sale of his home may not even be considered.
they usually re-evaluate and assess your taxes after a purchase
unless its california where your taxes are the same even if a house was built in 1953
_________________ Last visit was: Wed Dec 31, 1969 7:00 pm It is currently Wed Oct 22, 2008 6:43 am When the Power of Love overcomes the Love of Power, the World will know Peace. - Jimi Hendrix
How does team thodoksstratgiven feel about buying a house in cash?
_________________ "Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires." -- John Steinbeck
How does team thodoksstratgiven feel about buying a house in cash?
The financing mechanism is irrelevant to the decision, for the most part. Actually, a mortgage could be better because of the tax benefits but only if you can properly invest the money you kept from taking it out, ie, if the house is $100,000 and you have all $100,000 to buy it but put up $30,000 and borrow $70,000 - if you can't properly invest the $70,000 taking out the mortgage will do little good.
_________________ CrowdSurge and Ten Club will conduct further investigation into this matter.
If you bought the $100,000 home during the bubble and it's now worth $50,000, you're either out $30,000 if you took out the mortgage or you're out $50,000 if you paid in all cash. Which one would have saved you more money?
_________________ CrowdSurge and Ten Club will conduct further investigation into this matter.
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