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Real Estate Taxes

Discussion in 'Broadlands Community Issues' started by Dutchml, Feb 2, 2008.

  1. jjenkins

    jjenkins New Member

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    This discussion can easily be taken large scale as well...should tax payers be bailing out businesses? HECK NO!!! There was a great article a few weeks back that basically said before we tax payers give money to businesses (Bear Sterns) the open market should have a chance at them. They did not do a good job = they go out of business.

    If my coffee shop starts going RED, the gov't won't help me. (BTW, I don't have a coffee shop)
     
  2. Silence Dogood99

    Silence Dogood99 New Member

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    Same goes for individuals then? Foreclosures? Agree. Government was never intended to become caretaker of the American people. It destroys people's dignity and gives too much power to government.
     
  3. jjenkins

    jjenkins New Member

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    Exactly, reminds me of a story I saw today...at first glance I felt bad for her...then I read and listened closely...some of the highlights below the link

    http://www.cnn.com/2008/LIVING/personal/03/27/foodbank.family/index.html

    part of the video shows her going to food bank, a huge house, nicely decorated, and she talks about taking off her Tiffany bracelet and having to leave her coach bag at home.
     
  4. Silence Dogood99

    Silence Dogood99 New Member

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    Look how pitiful they make her seem. Boo hoo. What is she doing having a $2,500 per month mortgage on $70,000 per year? I hate to say it, but she deserves to lose her home...because she should never have taken that risk to begin with. I have absolutely no pity for someone like this lady when there are so many people who are truly hurting.

    My question remains: for all those who are seeking a bailout, have they sold their car and traded down to a cheap used car? Have they sold their flat screen or big TV's? This lady's home is huge, that is a kitchen my wife would die for. Has she sold any of her nice stuff? That Tiffany jewelry and Coach bag?!

    What gets me is the sense of ENTITLEMENT. I am an American so I deserve a big home that I cannot afford. And when something bad happens, I shouldn't have to sacrifice or give up anything. The government should just bail me out.

    The best thing that could happen to this woman and two kids is for her to have to sell her expensive home and trade down to something she can afford, so her kids learn to live within their means. Am I being too harsh in this case or do you agree?
     
  5. mwb2218

    mwb2218 New Member

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    +1 I wonder if the school board has ever heard of the term "economies of scale" I know we think of it in the private world all the time.
     
  6. vacliff

    vacliff "You shouldn't say that."

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    Me and Gryphon in complete agreement.....someone buy a lottery ticket!
     
  7. vacliff

    vacliff "You shouldn't say that."

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    For those of you that are not happy with the tax rate, don't just post here, send an email to the Board of Supervisors or attend a public comment session to let them know what you think.
    Quite frankly, I think they've heard from far more people that want the tax rate high to give more money to the schools than they have from people upset with their taxes.
     
  8. Lee

    Lee Permanent Vacation

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    Cliff I have no clue where you get your information from but if you been listening to the bos meetings like i do on tv york and the gang have said repeatably they are being bombarded by the emails etc to keep the tax rate low. They said it is some of the most email they have ever have gotten over the years they have been on the board on this topic to keep it low.
     
  9. luftinarr

    luftinarr Member

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    I completely agree with you, but remember her husband left her...the two of them together may have been able to afford the $2,500 mortgage payment. I don't feel sorry for her at all, but don't forget that important factor- she was part of a double income household.

     
  10. Lee

    Lee Permanent Vacation

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    I don't know how you Silence can make just a blanket statement about someone without knowing the full situation.
     
  11. tigercpa

    tigercpa New Member

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    Does that figure include the estimated 3,200 new students?
     
  12. Silence Dogood99

    Silence Dogood99 New Member

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    Easily. Like I just did :)

    Yes, I agree her husband leaving her is a mitigating factor. But in all honestly, she should have sold her home then and moved into a smaller place. She didn't seem to show any willingness to give up anything she had--she just wants it all. That's not the way life works.

    In MANY of the situations I have read about, people in foreclosure have still had two $30,000 cars. Sell your $30,000 car and drive a used Taurus for $3,500. Get an extra job.

    Anyone who signed up for an interest-only loan was just asking for trouble. Sorry, no matter whether her hubby left her or not, they make an imprudent decision when they bought the home to live above what they could afford. It isn't up to taxpayers or the government to bail her out. Though if I were her neighbor, I'd gladly help her out until she got stabilized.
     
  13. Liz Miller

    Liz Miller New Member

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    $1.165 would have held spending steady per student allowing for the new students and inflation due to rising oil prices.
     
  14. jjenkins

    jjenkins New Member

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    Did you miss the part about her Tiffany bracelet and coach bag...if you need money sell the crap you don't need anyways.
     
  15. jjenkins

    jjenkins New Member

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    I could not have said it better!
     
  16. Lee

    Lee Permanent Vacation

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    Here is a Washington Post poll about the proposed tax rate.

    68% want it lower then 1.14

    http://loudounextra.washingtonpost.com/polls/2008/mar/taxrate0327/results/

    We all want the best education for our children we CAN AFFORD and now is the time for innovative thinking how to find more money for the school system.

    I personally don't believe our county supervisors did a good job on this tax rate. They bent to the school board and Hatrick and still allow them to do business as usual and they contronled the BOS not the other way around. The schools whinnying is just a ploy and monday they want all the parents and students to protest at 5:30 pm and ask for an additional 1 cent rate to 1.15. Again an odd time when many are stuck in rush hour traffic or trying to get down waxpool. So you do they really want to protest it does not look like the working people trying to make ends meet.
     
  17. luftinarr

    luftinarr Member

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    Again, I don't feel sorry for her at all. My post only pointed out that she was part of a double income family. The post was in response to her being irresponsible having a $2,500 IO mortgage payment with a $70,000/year job. I have no sympathy for that selfish woman. She should have had a yard sale to get rid of the stuff in her home not to mention her baubles.
     
  18. quailpond06

    quailpond06 New Member

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    I have sympathy for her situation, but I don't think she neccessarily deserves a bail out. Having a spouse walk out on you has got to be quite a shock and it's probably taking awhile for it to sink in for her.

    BTW-I believe the $2,500 mortgage was based on her's and her former husband's salary--not just her $70,000/year job so I wouldn't put all of the irresponsibility on her. Our house was purchased on my husband's and my salary--if he were to leave, I'd be up a creek myself. Granted, now that her husband is AWOL though, I do think she should definitely downgrade her lifestyle to save some money and support her children.
     
  19. Lee

    Lee Permanent Vacation

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    Anytime time we can save someone you are helping yourself and shortening the period to recovery, the more foreclosures the further the regular prices will drop and the longer the recovery. Think of it as actually saving your own home value. This crisis if we don't fix it now will go on for a lot of years. These sub prime loans are like ticking time bombs and many many many still will go off years from now prolonging any recovery. They don't even know the extent of this problem yet, they just know it is many more years of it. So be selfish for your own self to save your equity if you have any left and stop the bleeding form many more years to come for your own home to level off and maybe even start to gain value. If you save them you save you :)
     
  20. flynnibus

    flynnibus Well-Known Member Forum Staff

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    yes, save them so they will repeat the process again :rolleyes:
     

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