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Learning From The Past
It's up to PEOPLE, to Learn from the past, its a personal responsibility of "each individual" -
In 2005-2007 - People became wild and crazy over "Real Estate Appraisers" escalating the Housing Prices, The Brokers bought into it, the Agents bought into and the Banks bought into it, "each looking at high profit and blinded themselves to the damages they were creating". They IGNORED, and disregarded the fact that when property increase, property tax must have some parallel increase. WHY? When people pay more for the homes, they want better city services, they want improvement in city attributes, BUT they don't don't want to pay increased property tax to have those improvements. They then want to divert city money from other areas, to improve their areas, and ignore that they push down other communities to uplift their own. Then they wonder why the overall of the city declines.
EVERYTHING is Connected in Society... EVERYTHING!!!!
People fight against Legislation, and then complain when Legislation has not been enacted to address a problem become it become a calamity with catastrophic results, that reverberate throughout the environmental areas, whether its city, town, suburb, country rural settings or even business and industrial.
It all happened before: Real Estate Prices were jacked up higher and higher, and Property Tax was not increased. Problems not only mounted they expanded, roads deteriorated, drainage issues, and every part of city services took a great hit, and this happen in cities that were already stretched beyond the limits on what tax revenue could meet.
Legislation, should be crafted and debated, to gather information as to how to tame this "monstrosity greed programming". Example: If a house rises in value more than 5-10 within a span of 2 yrs, that it automatically triggers a "Property Tax Re-Assessment". If Homes are Modified that increase the values then there has to be a metric that has a trigger point for Property Tax Increase.
Raising Interest Rates is not the only way to address the problem of an "over valuation of real property'. There is data that shows the wage rate of any areas, when the wage rate is stagnant and only moves, miniscule point, that should have an impact on how curtailing exaggerated Appraisal Valuations. Home Insurer's know how to deal with these type of changes and they will increase the rate when this type of inflation is going to put them in a challenged situations.
We watched over valuation bring down the economy, and as usual we get "SELECTIVE AMNESIA' when "greed gain" dominates the mental focus, and we sit back and allow things to get out of hand.
Those MBS (Mortgage Backed Security) are again, heading into big trouble, there will be defaults within those packaged securities, and this time, it needs to be called out, rather than hidden and false and misleading Bond Ratings, hide the truth.
When Interest Rates are increased, "That takes money out of cities and communities and gives it over to the banks, and that means that money does not circulate in the communities, it does not circulate in the cities, counties or the states, its goes into the Bank's Profit Coffers.
All The House Jumping that people are doing, is not for everyone. Some people can afford the game, others cannot. But, to drive up cost that makes homes unaffordable, does not help the general society. It helps these Corporations that now over bid on properties, and then turn them into "rental units" at excessive rates, as their profit model. The damage to communities, is: People are no longer "Stake Holder" in the community, so a "transit cycle" lowers the stability of the community.
That' also means, Kids are frequently changing schools and they don't have the stability to build a stable network of school friends, and we see over and over, this cycle producing mal-adjusted kids, because they were unable to establish sustainable relationships with long term friendships.
People don't think of these things, when they "think greed" and chasing the ever more insidiousness of exaggerated home appraisals.
It's up to PEOPLE, to Learn from the past, its a personal responsibility of "each individual" -
- Those who fail to learn from the past, are prone and highly likely to repeat the same mistakes, take the wrong course of thoughts and the wrong course of actions and make the same misjudgments and miscalculation, and they may even live repeating a cycle of uninformed conduct.
- Some think the past does not matter, but the wise knows how much it matters and they do not blot it out, they reflect and learn. ANYONE who makes themselves unable to Learn also make themselves unable to Change, and if they are unable to change, they stump their own growth.
In 2005-2007 - People became wild and crazy over "Real Estate Appraisers" escalating the Housing Prices, The Brokers bought into it, the Agents bought into and the Banks bought into it, "each looking at high profit and blinded themselves to the damages they were creating". They IGNORED, and disregarded the fact that when property increase, property tax must have some parallel increase. WHY? When people pay more for the homes, they want better city services, they want improvement in city attributes, BUT they don't don't want to pay increased property tax to have those improvements. They then want to divert city money from other areas, to improve their areas, and ignore that they push down other communities to uplift their own. Then they wonder why the overall of the city declines.
EVERYTHING is Connected in Society... EVERYTHING!!!!
People fight against Legislation, and then complain when Legislation has not been enacted to address a problem become it become a calamity with catastrophic results, that reverberate throughout the environmental areas, whether its city, town, suburb, country rural settings or even business and industrial.
It all happened before: Real Estate Prices were jacked up higher and higher, and Property Tax was not increased. Problems not only mounted they expanded, roads deteriorated, drainage issues, and every part of city services took a great hit, and this happen in cities that were already stretched beyond the limits on what tax revenue could meet.
Legislation, should be crafted and debated, to gather information as to how to tame this "monstrosity greed programming". Example: If a house rises in value more than 5-10 within a span of 2 yrs, that it automatically triggers a "Property Tax Re-Assessment". If Homes are Modified that increase the values then there has to be a metric that has a trigger point for Property Tax Increase.
Raising Interest Rates is not the only way to address the problem of an "over valuation of real property'. There is data that shows the wage rate of any areas, when the wage rate is stagnant and only moves, miniscule point, that should have an impact on how curtailing exaggerated Appraisal Valuations. Home Insurer's know how to deal with these type of changes and they will increase the rate when this type of inflation is going to put them in a challenged situations.
We watched over valuation bring down the economy, and as usual we get "SELECTIVE AMNESIA' when "greed gain" dominates the mental focus, and we sit back and allow things to get out of hand.
Those MBS (Mortgage Backed Security) are again, heading into big trouble, there will be defaults within those packaged securities, and this time, it needs to be called out, rather than hidden and false and misleading Bond Ratings, hide the truth.
When Interest Rates are increased, "That takes money out of cities and communities and gives it over to the banks, and that means that money does not circulate in the communities, it does not circulate in the cities, counties or the states, its goes into the Bank's Profit Coffers.
All The House Jumping that people are doing, is not for everyone. Some people can afford the game, others cannot. But, to drive up cost that makes homes unaffordable, does not help the general society. It helps these Corporations that now over bid on properties, and then turn them into "rental units" at excessive rates, as their profit model. The damage to communities, is: People are no longer "Stake Holder" in the community, so a "transit cycle" lowers the stability of the community.
That' also means, Kids are frequently changing schools and they don't have the stability to build a stable network of school friends, and we see over and over, this cycle producing mal-adjusted kids, because they were unable to establish sustainable relationships with long term friendships.
People don't think of these things, when they "think greed" and chasing the ever more insidiousness of exaggerated home appraisals.