Politicians Beware: Property Tax Battles Gearing Up

The mayor of Indianapolis was recently defeated because of increased property taxes, but there was even more drama when Marion County treasurer, Michael Rodman, not only listened to protestors, but joined them. That’s because his own property tax bill had jumped 80 per cent.

Property Tax Battles Gearing UpProperty tax battles are heating up all over the country, and this time politicians are taking notice.

 

The mayor of Indianapolis was recently defeated because of increased  property taxes, but there was even more drama when Marion County treasurer, Michael Rodman, not only listened to protestors, but joined them.

 

That’s because his own property tax bill had jumped 80 per cent.

 

Where will it all end?

 

Florida, Washington State and  California have been added to the list of more states in property tax turmoil.

 

So here are our questions.  Has everyone  finally reached the breaking point?  Are politicians getting the message that they can no longer view property taxes as city ATM machines?

Maybe we could put it a different way.  Which ones really want to stay in office?

Read More   Frustration Builds As Property Taxes Rise

 

 

Will the Massive Government Bailout for Distressed Homeowners Really Work?

“A New Deal-style bailout would be a disaster,” says Josh Hendrickson of The Everyday Economist. But isn’t it supposed to help the poor distressed homeowner who didn’t know what he was getting into?

The Subprime Bailout

James Pethokoukis from U.S. News Capital Commerce has an excellent piece on the Housing Market Failure and proposed government bailout.

 

He asks the question “should the government step in?” and receives insightful answers from such stellar bloggers as Russell Roberts, of Café  Hayek, Dean Baker of Beat the Press and  Donald Luskin of The Conspiracy to Keep You Poor and Stupid Blog.

Here are some of their straight answers.

Continue reading “Will the Massive Government Bailout for Distressed Homeowners Really Work?”

How to Get and Keep Good Tenants

Is it really possible to get and keep good tenants? Can you really build a solid reputation so that good future tenants will be calling you? Here are 9 tips for getting and keeping good tenants for free.

How to get and keep good tenants

Is it really possible to get good tenants coming to you for free  without  expensive budget-breaking advertising?

Can you really save hundreds, perhaps thousands of dollars per year, without lost downtime from empty rentals?

 

My Dad has been a real estate investor landlord for over 50 years.  He still manages his 37 properties and has everything from Section 8 to moderately upscale condos.

Want to know  his secrets for keeping all those tenants happy and practically eating out of his hand? 

 

9 Secret Tips for Keeping  Good  Tenants Coming to You for Free

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Real Estate of the Presidential Candidates

Which presidential candidate lives in the most expensive house?

homes of the presidential candidates

Which presidential candidate lives in the most expensive house?

 

Which candidates saw their home prices lose value in the last year?

 

Can you guess which one lives in a condo?  Hint: He’s the oldest.

 

One candidate has seen her home appreciate 20.2% during November 2006 to  November,2007.  She also managed to lift all boats in the neighborhood, since many people believe home prices went up the minute she moved in.

 

While a lot of past presidential  candidates have almost flaunted their poor beginnings, former candidate John Edwards found it hard to hide a 10,400-square-foot main house with it 15,600-square- foot gym.  Did that harm his chances of winning 1600 Pennsylvania Avenue?

 

Read more  Presidential Cribs: A Glimpse of How the Candidates Live

 

Harry Macklowe Suffers Serious Sub-Prime Problems

Harry Macklowe did a sub-prime deal too, only he is 1.2 billion in debt and the loan has been called. Will he lose the GM Building, put up as collateral?

Harry Macklowe's New York

As more sub-prime problems increase with average borrowers, how are the big guys doing with their own versions of heavy borrowing and  real estate leverage?

 

Harry Macklowe, the legendary New York developer, comes to mind.

 

As we remember he cunningly bought his trophy, the GM Building with its breathtaking views of Central Park, for 1.4 billion in 2003.  That was a record price, by the way.

 

Then this Midas man, who is also well known as a difficult contestant  in yachting circles, saw this magnificent landmark double in value, almost overnight. 

 

Of course, that didn’t  just happen by accident.

Continue reading “Harry Macklowe Suffers Serious Sub-Prime Problems”