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Interesting tactic to control runaway housing prices


i blame greedy sellers just as much. his comment is just a made up comment. plenty of people blame others for 'cashing out" at the expense of the commnuty. its a common thread

my friend chris just got a house because he and his wife wrote the seller a letter about wanting to raise their kids in their hometown near their grandparents and all that. the lady agreed, sold the house to him despite being lower offer than others. kudos to her.:thumbup

my buddy tom sold the developmental rights to large portions of his ranch to keep people from cashing out on it later after he dies.

my existing landlord purposefully keeps rent low so his tenants can be happy and live enriched lives. he could triple my rent right now easy.
 
Sorry I didn't mean to imply everyone benefited. I'm just saying, the cause of your troubles are the better off, richer people who's paid off houses from 30 years ago are worth millions. Are they considering staying with the community against selling out, or do they go "Woohoo" and move to Arizona? Go talk to those people.

The person buying something isn't the problem. They;'re buying something that's for sale. Nobody forces someone to sell their soul.
 
i blame greedy sellers just as much. his comment is just a made up comment. plenty of people blame others for 'cashing out" at the expense of the commnuty. its a common thread

my friend chris just got a house because he and his wife wrote the seller a letter about wanting to raise their kids in their hometown near their grandparents and all that. the lady agreed, sold the house to him despite being lower offer than others. kudos to her.:thumbup

my buddy tom sold the developmental rights to large portions of his ranch to keep people from cashing out on it later after he dies.

my existing landlord purposefully keeps rent low so his tenants can be happy and live enriched lives. he could triple my rent right now easy.

What's a made up comment? I made it up, yes, when I thought of saying it.
 
devil's advocate - if you're selling and moving, you're going to sell for as much as you can.

Also, it's not very common to know who the people actually putting in offers are unless you are selling on your own.


Devil's Advocate: If you're rich and want to buy a house in wine country what's another few thousand? How often do rich people realistically consider the socioeconomic impact of their house purchases? Never.
 
Devil's Advocate: If you're rich and want to buy a house in wine country what's another few thousand? How often do rich people realistically consider the socioeconomic impact of their house purchases? Never.

Rich people didn't get rich by having that frame of mind.
 
Devil's Advocate: If you're rich and want to buy a house in wine country what's another few thousand? How often do rich people realistically consider the socioeconomic impact of their house purchases? Never.

if people actually considered the impact we probably wouldnt be having this discussion
 
Well, I considered it when I moved and then dismissed it.

I actually had a guy tell me I was a racist for buying a home in a traditionally African American neighborhood.
 
So we're blaming sellers now? :wtf

Selling a home helps prevent the prices in that area from continuing to skyrocket. Supply and demand. It's the people who never leave who cause prices to skyrocket.
 
The buyers aren't buying anything that's no for sale. No sellers, no buyers, wine country never changes, people in this thread are happy. Change = bad.
 
When a house goes up 300% in value doesn't the property taxes also

If your property gets reassessed, it can.

but not 300%, thanks to prop 13

this

Proposition 13 replaced the practice of annually reassessing property at market value with a system based on cost at acquisition. Prior to Proposition 13, if homes in a neighborhood sold for higher prices, neighboring properties might have been reassessed based on the newly increased area values. Under Prop. 13, the property is assessed for tax purposes only when it changes ownership. As long as the property is not sold, future increases in assessed value are limited to an annual inflation factor of no more than 2%.

Seems like the problem is people who voted for prop 13

You know, Americans.

you can put it right next to 47 and the new 57
 
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