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jon comments on Real Estate - Supply vs Demand…which is more important?

jon — Sun, 19 Feb 2012 00:39:52 +0000

Neat blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple tweeks would really make my blog shine. Please let me know where you got your theme. Thanks

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Adamas comments on Heed this Advice Before Investing in Real Estate

Adamas — Thu, 02 Feb 2012 10:41:58 +0000

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Canada disability tax comments on County Tax Auditors - Biggest Scam In the World…seriously

Canada disability tax — Mon, 23 Jan 2012 07:32:13 +0000

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Paul Gabrail comments on S&P vs Nominal GDP - Secular Market Changes Revealed

Paul Gabrail — Mon, 16 Jan 2012 04:02:39 +0000

Carl, of course i am sure they wont resort to inflating ourselves out of debt. I am sure it was part of the plan all along. How else are we to get out of this? The good news is, inflation is the friend to real estate.

Paul Gabrail comments on It's true, Management IS Everything

Paul Gabrail — Mon, 16 Jan 2012 04:01:13 +0000

Thanks for the comment and for reading!

Dallas Property Management comments on It's true, Management IS Everything

Dallas Property Management — Mon, 16 Jan 2012 03:51:46 +0000

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Carl W comments on S&P vs Nominal GDP - Secular Market Changes Revealed

Carl W — Fri, 13 Jan 2012 13:38:19 +0000

Hot off the presses:
http://finance.yahoo.com/news/china-reports-rare-decline-foreign-101759367.html
Reduced exports out of China spell contraction in China GDP. Reduced foreign reserves are an indication of a cyclical change. If China can no longer prop up the dollar, their reserves shrink more and their net exports shrink and the cycle begins. If the dollar bubble pops due to foreign governments no longer supporting the dollar - the US may resort to inflation (the hidden tax) to shrink the debt. This is very interesting, no?

Carl W comments on S&P vs Nominal GDP - Secular Market Changes Revealed

Carl W — Thu, 12 Jan 2012 13:53:54 +0000

I think this is a great analysis. It is pretty cool. I also caution anyone who is chomping at the bit to dive head first into the stock market to read John Mauldin's book "Endgame" for some additional cautionary consideration. As the president of the San Fran Fed mentioned recently in Vancouver (or Calgary - I forget) "We are still living in interesting times". He also mentioned that the Fed expects 2012 will be much like 2011 (2% or lower GDP, unemployment 8.5% - or 24% depending on whose numbers you trust and how you want to measure it). We have a dollar bubble and a government debt bubble that is unprecedented in history (on a percentage of GDP basis). The housing bubble continues to deflate and the engine of our economy is in grave disrepair. I'm still sratching my head as to how the Fed is planning on avoiding the massive potential wave of inflation we could experience if we do not begin to see growth in the economy? The EU is running their printing presses to prop up the dollar. China is propping up the dollar. They must do so to be net exporters. China has orchestrated a chinese bank stimulus program and they have a 9% GDP! What does that indicate? I don't have any answers. I'm not giving advice and I hope I am being overly cautious because it would mean the world is economically stronger. I'm just saying that "past performance is not an indication of future results". Can I get an Amen? Oh and a quiz question... Can anyone identify October 1987 in the chart? It was a calamity and a bold investment opportunity, much like March 2009. In my humble opinion, I think there will be some more opportunities on the horizon. (sarcasm alert:) If only I were a congressman or a senator with all that insider information and the protective rules to take advantage of it....

Paul Gabrail comments on County Tax Auditors - Biggest Scam In the World…seriously

Paul Gabrail — Thu, 05 Jan 2012 00:52:20 +0000

Carl, thank you for the thorough comment. I think the thing you said in the second to last paragraph is something I woudl love to look into and would make a great blog post...looking at property tax increases versus decreases to see how they go during good times and bad times, respectively.
It is always the hardest thing...when private sector does well and prospers, the gov't wants the benefit. But when the private sector has problems, it's always the private sector's fault...this is borderline a political issue, so I will refrain from commenting further on that, but I see your point completely.

Carl W comments on County Tax Auditors - Biggest Scam In the World…seriously

Carl W — Wed, 04 Jan 2012 20:54:58 +0000

Yes. The property tax system is broken. It was always a on-sided proposition. Values were always suppossed to go up, except in cases of blight. No one in the system ever expected values to plummet so far, so quickly, and on such a wide and permanent scale. So, the government must act openly according to its character. It is addicted to the revenue. It can't face the reality of losing so much revenue to the economy. Yes, private enterprise must suffer, but the government - are you kidding? (sarcasm alert) That would require the county to lay off people and discontinue services. Think of the voter impact on incumbants - perish the thought!
The losses to abandonded and defaulted, foreclosed, delinquent, etc. properties become property liens - at the higher rate and with penalties and interest (where collectible). Those liens at the very least, can be factored and sold to investors. With the discount so steep these days, they can't afford to cut values and associated revenues.
If they allowed assessment on such a masive scale, the schools would have to pass enormous levies to make up the shortfall. The cities and county would also. That won't fly in this economy. New levies will cause more voter discontent, at the very least.
No one in government - not even the courts, are going to make a decision that would affect the status quo. Some states have tax laws that allow for both gradual increases and gradual decreases. Cynically, I bet that studies would show that increases are on a steeper grade than the decreases.
Now, when properties are assessed, if someone sees an increase in their assessed value, they should scream bloody murder. If they stay the same, they might appeal. If they drop even the slightest, be grateful because that's all you're gonna get. IMHO