🚀 go-pugleaf

Wow, the voice of reason finally speaks.  I was beginning to wonder if
I was the only one that thought that real estate prices were
completely unreasonable.  I don't see how these prices can be
sustainable in a stagnant (at best) economy.  A little appreciation is
to be expected, but a quick look at listings on Howard Hanna or
Coldwell show asking prices of well over 180% of the last sale price
(which is often less than 8 years ago).  Add to that the headache of
poorly done reassessments, skyrocketing property taxes,  condo fees
(if you're looking at condos)... needless to say after crunching the
numbers and looking at some properties with their eye-popping asking
prices, the rent for my 1 bedroom apartment didn't seem bad at all. 
The price of real estate has FAR outpaced the benefit of low mortgage
rates.


"Fetch, Rover, Fetch" <Fun_Fur@KaNine_University.edu> wrote in message news:<ToednTqQje40rq2iU-KYuQ@britsys.net>...
> 
> so-- a this proposed purchaser would be paying:
> $ 2,160 - income tax
> $10,500 - property tax
> -------
> $12,660 - city taxes
> 
> this does NOT include the additional 1% sales tax
> nor any of the taxes, and fees for transferring the property (part of 
> the closing costs)
> 
> This also does not include the rising water and sewage fees
> Nor does this include any of the proposed local taxes.
> 
> 
> This also does not include points made elsewhere regarding the 
> neighborhood, or school.
> 
> so... why would anyone buy this place???
>