Comments on: Making the Seniors Work To Pay Off Property Taxes – Your Bloodsucking Government in Action

By: Seanster

Seanster — Fri, 03 Oct 2008 22:22:34 +0000

It’s so sad to hear stories like this. I personally think that we should find ways to protect the senior citizens from such burden.

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Sun, 30 Dec 2007 19:14:34 +0000

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By: david in norcal

david in norcal — Sat, 29 Dec 2007 07:24:22 +0000

And Westchester County has some of the best public schools in the nation.

That’s most of what property taxes pay for.

I believe there should be ways to keep seniors from facing massive increases in property taxes, but I notice the quality of the public schools does relate to how well we fund them. Better funding = better pay to be able to hire and keep better teaches, better facilities, etc. etc.

By: LC

LC — Thu, 27 Dec 2007 22:13:54 +0000

Apparently I misspoke. It’s not 20%, it is 35% of the homes in that community that are REO. The good news is that some are approaching the price point that you can 100% finance, rent, and still cash flow. That’s hard to beat if you’re a SFH investor-I no longer am.

By: LC

LC — Thu, 27 Dec 2007 05:37:56 +0000

In our home base community for our development company, the solution has been to extract egregious development fees to fund the infrastructure. In 2005, this city was the fastest growing city in the nation.

Elk Grove, CA is once again making the news; I have the article on my site where the fees were so high they made the WSJ. The result was absolutely NO major employers over the past 5 years, and as such to date a 15% – 25% decrease in home values, one out of five homes on the market in foreclosure or bank owned, and now a city budget deficit.

These local governments must learn that sustainable cash flow must be paramount and take precedence over a short term fix of fee income and tax hikes. No governmental entity ever taxed its way to prosperity, as has been said many times. Good post, thanks.

By: glennont

glennont — Thu, 27 Dec 2007 05:06:11 +0000

In California I believe once when you retire at a traditional age you may defer your property taxes and have it taken from your estate when you die.

By: Kirk

Kirk — Thu, 27 Dec 2007 00:36:45 +0000

I couldn’t agree more. The federal and state governments believe it is up to the populace to sacrifice for the government. The reality is the government is there to serve us by protecting our life, liberty and pursuit of happiness.

By: Thomas Johnson

Thomas Johnson — Wed, 26 Dec 2007 20:30:22 +0000

The job growth is in the sunbelt, away from unions and oppressive taxes. Not just property taxes, but income taxes, sales taxes, permission to breathe taxes , etc. The population that is left are the elderly and those who feed off the taxpayer. Like any voracious beast, the local governments will feed on what is easily attainable, until only a hollow dry husk is left. They only hope that they can get to retirement, and those juicy government pensions, before the taxpayers are bled out.

By: Corey Matelli

Corey Matelli — Wed, 26 Dec 2007 18:56:20 +0000

Wow, this is tragic. Stories and scenarios like this are precisely why I am in the reverse mortgage industry. Seniors should not have to live their remaining years on other people’s terms, if they don’t have to.

Thank you for your passion. I hope more with a similar passion will rise up and right this horrible wrong.