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( Getreal )

Comments made by Getreal

Mello-Roos Law Allows Vote Of One To Decide On New Taxes

Taxation without representation. Read the companion piece on homeowners being overcharged on these "special property taxes." I would never buy property in one of these "districts."

June 17, 2013 at 10:05 a.m. ( | suggest removal )

When Will Local Real Estate Market Rebound?

Why don't commentators and the general public understand this basic concept: when interest rates rise, housing prices will be crushed. If you're buying a home for $300,000, and it costs significantly more to fund that $300,000 in a rising rate environment, there's only one other variable that can change: the price of the house.

Just wait and see what happens when rates hit 5%, 6%, 7%. Finally, if you have a modicum of intelligence, you understand the relationship between interest rates and prices and implicitly understand a low interest rate environment is the *worst* time to buy (because you are paying top dollar because credit is loose and the dollars are easy).

March 10, 2011 at 3:26 p.m. ( | suggest removal )