Stuart A. Bronstein wrote:
- quote -

How true.

My little tract house (1100 sq. ft., 3 br, 2 ba, 2-car
garage), in the "low rent" part of San Diego County south of
Interstate 8, cost $18,000 in 1964. Today, with a 440 sq.
ft addition and bathrooms remodeled 13 years ago, its value
isn't far south of $500,000.

Of course Prop 13 keeps my property taxes down. Just went
over $700 in the last couple of years. If I sold it,
though, the new owners would pay something in the
neighborhood of $5,000 a year for the same house. I can't
imagine who would want to buy it for that price, but
everything that goes on the market around here sells in a
heartbeat, often for more than the asking price.

Katie in San Diego

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"Harlan Lunsford" <hlunsford[at]bellsouth.net> wrote:
- quote -

$441,000 around metro Boston will only go so far. Maybe a
two bedroom condo. Trust me, that's chump change.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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Stuart A. Bronstein wrote:
- quote -

And when/if it slides down the hill, you will be! (grin)

ChEAr$,
Harlan Lunsford, EA n LA

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Harlan Lunsford <hlunsford[at]bellsouth.net> wrote:

- quote -

Out California way if you have a house worth $441,000, you
may well be living in a slum.

Stu

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David Woods, EA, ChFC, CLU wrote:
- quote -

Some may not agree, but to me at least, the irony is that
anyone with a 441,000$ house should need any tax credit
whatsoever.

Although I HAVE heard that things cost more in Taxachusetts,
and other such places.

ChEAr$,
Harlan Lunsford
thu 24 Feb 2005

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"Rick Merrill" <rick0.merrill[at]gmail.com> wrote:

- quote -

Somewhere, there is humor in this post. Damned if I can
find it though.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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In MA there is a credit for those > 65 called the "Circuit
Breaker" such that if your house value is under $441,000 and
your real estate taxes exceed a certain fraction of your
income, then you get a tax credit.

I think they called it the "Circuit Breaker" because 'Ground
Fault Interrupter" was too long.

:-)

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