From my home in Lakeland.........some low quality photos.

Going...........

muff528 wrote:
>> From my home in Lakeland.........some low quality photos.
>>
>> Going...........



Do your property values go up or down because of events like that, "and the
smell, that gasoline smell..."


I'm thinking it's got to be worth another 10 or 15 points.


--

Cheers

Dave Kearton

"Dave Kearton" > wrote in message
...
> muff528 wrote:
>>> From my home in Lakeland.........some low quality photos.
>>>
>>> Going...........
>
>
>
> Do your property values go up or down because of events like that, "and
> the
> smell, that gasoline smell..."
>
>
> I'm thinking it's got to be worth another 10 or 15 points.
>
>
> --
>
> Cheers
>
> Dave Kearton

This is Florida. ANY event increases property values. :-)

During the last couple of years prices have spiked, largely because
of speculator buying. This accelerated the normal increases in pricing in
the
state, artificially increasing "values" as determined by the real estate
industry and the taxing authorities. There is currently a grassroots
"movement" to have the state government "do something" about
the resulting property tax increases. As a double whammy, insurances
have correspondingly increased because of the greater exposure to
risk by the higher "values". Meanwhile, no-one wants to concede that
the artificially inflated values are, in fact, artificial and short-lived.
People who have recently purchased a home don't want to admit that
they made a mistake and taxing authorities are not willing to give up
what amounts to a windfall. A lot of questionable loans were made to
sub-prime borrowers and many are giving up their homes to lenders
who are now stuck with properties which are not worth the outstanding
loans. People who owned property for any length of time sold their
homes for a large profits. With cash in hand they found that they could not
even replace the home they just sold with one of equal value without getting
strapped with the higher taxes and insurance. As long as you own a property
the taxes can only be increased annually by a certain small value (~ 3%).
As soon as the property it is sold it is reassessed so a $80k house
becomes a $250k house. Meanwhile the homestead exemption remains at
an archaic $25,000.

You'd think that the big "chem-trail" left by the shuttle would keep people
away. Besides that, we have to put up with that annoying double
sonic boom just about every time the shuttle returns and it's flight path
takes it near Lakeland. (What a great sound!)

Blue'ns (Sorry for the rant), TP

muff528 wrote:
>> "Dave Kearton" > wrote in message
>> ...
>>> muff528 wrote:
>>>>> From my home in Lakeland.........some low quality photos.
>>>>>
>>>>> Going...........
>>>
>>>
>>>
>>> Do your property values go up or down because of events like that,
>>> "and the
>>> smell, that gasoline smell..."
>>>
>>>
>>> I'm thinking it's got to be worth another 10 or 15 points.
>>>
>>>
>>> --
>>>
>>> Cheers
>>>
>>> Dave Kearton
>>
>> This is Florida. ANY event increases property values. :-)
>>
>> During the last couple of years prices have spiked, largely because
>> of speculator buying. This accelerated the normal increases in
>> pricing in the
>> state, artificially increasing "values" as determined by the real
>> estate industry and the taxing authorities. There is currently a
>> grassroots "movement" to have the state government "do something"
>> about
>> the resulting property tax increases. As a double whammy, insurances
>> have correspondingly increased because of the greater exposure to
>> risk by the higher "values". Meanwhile, no-one wants to concede that
>> the artificially inflated values are, in fact, artificial and
>> short-lived. People who have recently purchased a home don't want to
>> admit that
>> they made a mistake and taxing authorities are not willing to give up
>> what amounts to a windfall. A lot of questionable loans were made to
>> sub-prime borrowers and many are giving up their homes to lenders
>> who are now stuck with properties which are not worth the outstanding
>> loans. People who owned property for any length of time sold their
>> homes for a large profits. With cash in hand they found that they
>> could not even replace the home they just sold with one of equal
>> value without getting strapped with the higher taxes and insurance.
>> As long as you own a property the taxes can only be increased
>> annually by a certain small value (~ 3%). As soon as the property it
>> is sold it is reassessed so a $80k house
>> becomes a $250k house. Meanwhile the homestead exemption remains at
>> an archaic $25,000.
>>
>> You'd think that the big "chem-trail" left by the shuttle would keep
>> people away. Besides that, we have to put up with that annoying
>> double
>> sonic boom just about every time the shuttle returns and it's flight
>> path takes it near Lakeland. (What a great sound!)
>>
>> Blue'ns (Sorry for the rant), TP



Hmmm, some similarities here. Real estate (for us) always goes in
boom and bust cycles.


You can tell when it's in the boom cycle, there's more 3-series Beemers on
the road. Then just as quickly, the bubble bursts and they're all on the
evening news, decrying what a sleepy town we live in "because nothing is
happening."


Estate agents, can't live with 'em, can't deep fry 'em.


Although, that's not quite true, the greasy ones fry quite well.



--

Cheers

Dave Kearton

"Dave Kearton" > wrote in
:

> muff528 wrote:
>>> "Dave Kearton" > wrote in message
>>> ...
>>>> muff528 wrote:
>>>>>> From my home in Lakeland.........some low quality photos.
>>>>>>
>>>>>> Going...........
>>>>
>>>>
>>>>
>>>> Do your property values go up or down because of events like that,
>>>> "and the
>>>> smell, that gasoline smell..."
>>>>
>>>>
>>>> I'm thinking it's got to be worth another 10 or 15 points.
>>>>
>>>>
>>>> --
>>>>
>>>> Cheers
>>>>
>>>> Dave Kearton
>>>
>>> This is Florida. ANY event increases property values. :-)
>>>
>>> During the last couple of years prices have spiked, largely because
>>> of speculator buying. This accelerated the normal increases in
>>> pricing in the
>>> state, artificially increasing "values" as determined by the real
>>> estate industry and the taxing authorities. There is currently a
>>> grassroots "movement" to have the state government "do something"
>>> about
>>> the resulting property tax increases. As a double whammy, insurances
>>> have correspondingly increased because of the greater exposure to
>>> risk by the higher "values". Meanwhile, no-one wants to concede that
>>> the artificially inflated values are, in fact, artificial and
>>> short-lived. People who have recently purchased a home don't want to
>>> admit that
>>> they made a mistake and taxing authorities are not willing to give
>>> up what amounts to a windfall. A lot of questionable loans were made
>>> to sub-prime borrowers and many are giving up their homes to lenders
>>> who are now stuck with properties which are not worth the
>>> outstanding loans. People who owned property for any length of time
>>> sold their homes for a large profits. With cash in hand they found
>>> that they could not even replace the home they just sold with one of
>>> equal value without getting strapped with the higher taxes and
>>> insurance. As long as you own a property the taxes can only be
>>> increased annually by a certain small value (~ 3%). As soon as the
>>> property it is sold it is reassessed so a $80k house
>>> becomes a $250k house. Meanwhile the homestead exemption remains at
>>> an archaic $25,000.
>>>
>>> You'd think that the big "chem-trail" left by the shuttle would keep
>>> people away. Besides that, we have to put up with that annoying
>>> double
>>> sonic boom just about every time the shuttle returns and it's flight
>>> path takes it near Lakeland. (What a great sound!)
>>>
>>> Blue'ns (Sorry for the rant), TP
>
>
>
> Hmmm, some similarities here. Real estate (for us) always
> goes in boom and bust cycles.
>
>
> You can tell when it's in the boom cycle, there's more 3-series
> Beemers on the road. Then just as quickly, the bubble bursts and
> they're all on the evening news, decrying what a sleepy town we live
> in "because nothing is happening."
>
>
> Estate agents, can't live with 'em, can't deep fry 'em.
>
>
> Although, that's not quite true, the greasy ones fry quite well.

Seattle has two "news"papers, sorta. While waiting for a bus last
Thursday, I noted the headlines on adjacent dispenser boxes:

Seattle Times: Local Home Sales Cool Off
Seattle PI: Seattle Home Sales Shoot Up

In spite of the gnusdweeb silliness, home prices in the region continue to
swell beyond reason; construction of new condos and apartments is going a
tad hyper, all over my neighborhood nice buildings are being torn down so
nice, larger buildings can replace them.

How's a soul supposed to sleep in 'til the crack of noon with all that
noise?

Me grumpy even ~without~ stupid head cold. X^{