Now I don't know Purva Brown aka Sacramento Real Estate Gal. But reading her blog gives me a strange sense of deja vu. She seems nice enough. She also seems to have sipped a few too many kool-aids at the David Lereah going away party. Excerpt:Sacramento Real Estate Taxes Falling!...
This is a huge benefit to homebuyers today. If you buy cheap, there's not just the fact that your monthly payments will be low and you will actually have the opportunity to buy low and sell high, it also means that your property taxes (one of the factors in your mortgage payment) will be lower!
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14 comments:
LOL
MECOND!!!
Before the almighty and ineffable Rob Dawg and in the presence of all Haterz, who are my Brothers, I, renounce any and all past allegiances. I renounce the false Haterz (middle of the roaders) and all Supporterz. I renounce the vile and worthless Casey Serin, I renounce his foul, odious, and rotten holy spirit.
I proclaim CHJTS as my one and only God. I promise to recognize and honor him in all things, without reservation, desiring in return, his manifold assistance in the successful completion of my endeavors.
Rob, Hope some of the negative traffic just melts away...
It's good to know there are still logic challenged Real-Tards running around. Even in one of the worst-hit parts of the country.
"Let's forget all about the American Dream.
Let's turn a blind eye to the reality that most millionaires either made their millions in real estate or hold their millions in real estate.
Let's not hedge against inflation.
Let's feel uneasy about the safety of our own real estate investments only because 2 - 3 people out of 100 have had their homes forclosed (sic).
Let's just let fear run the real estate market, shall we?"
I'm not sure where to start with that one, but using the "American Dream" to sucker people into buying houses is disgusting. It's as old as the profession, but disgusting nonetheless.
Rob, Hope some of the negative traffic just melts away...
Hear hear. I'm trying. One method is a firmer hand on thread drift.
I'm glad I'm not alone in that uneasy feeling upon reading her blog. Times change eh? 5 years ago this was the only kind of real estate web presence around.
wow, thats a horrible blog
damn dawg, you better get ahold of her and get into one of those properties that sounds like the deal of the century.
not sure if you saw the response from her broker on her post about the slumping sacramento real estate market. he proceeds to say there's no slump, despite increased inventory, increased time on market, and he's wrote a contract on a place for $52,000 below market value.
i honestly don't know what would be the technical definition of a slumping market, but those three items must play some part in it.
Sac RE Agent,
Oh yeah, John Lockwood. He's a real piece of work.
The Sac Region is losing what, 3-5 agents daily due to the housing implosion and she's too busy selling to blog?
Lockwood and Brown are the types who will be responsible for the inevitable backlash against the entire profession. Sorry for those of you who work honestly and ethically.
Her property taxes are falling so she bought at the top. My guess is she has been an agent for less than a year. Remember Nigel's pumping during his first year? Look how much he learned between years 1 and 2. Give her time. She will learn (or go back to waitressing)
" it also means that your property taxes (one of the factors in your mortgage payment) will be lower!"
Hoo-RAY! Your wallet will be getting lighter!
You didn't want to lug around that heavy old wallet anyway...did you?
Oh and don't forget, if the prices keep dropping another two years you can then ask for a re-assessment of your property taxes. YAY!
If they tell you no....SUE THEM and tell them your realtor told you you could in order to make your payments lower on the upside-down house value you have now!
Ahh,well;
Ms.Brown did get to write off the cost of her nifty "glamour portrait" as a "business expense",didn't she?
And her computer.
Prolly leased a new SUV too.
All for her business.
Well, flame at will, but I actually feel for many of these RE agents . . . they were saturated with feel-good propaganda by the RE industry, and it's not surprising that they've simply passed the propaganda on. Many of them have had little to no exposure to contrary points of view, and have been relatively sincere in believing that they are helping others. And, of course, many of them are homemakers who have taken a profession which they hoped would allow them to make some money while spending time with their families--very hard to fault that.
I am certainly not letting the RE industry off as a whole. The people at the top knew perfectly well what the real situation was; they knew that prices couldn't go up forever, and that by driving prices higher they were pushing frugal low-income families out of homes, and setting the market up for a fall. I have a difficult time piling blame on the street-level RE agents when so much of the responsibility lies with their leadership (and with the Fed, and with the lenders, and with Wall Street, etc.)
To her credit it appears she answers almost all posts.
My comment left on her blog:
Ms. Brown,
My "fault" for your sudden attention. Blame me. Well, blame me and blame your association with John Lockwood but that's another story.
Taxes are assessed at 1% of transfer value.
That would be an extraordinarily rare property. No ther encumbrances vthat show up on the biannual tax bill?
Actually, other anonymous (jeez, post your names for God's sake, what are you scared I won't sell your home?
Ask my underaged daughter.
Millionaires probably didn’t buy at the top of a “bubble.” But we’re not in a “bubble” now. We’re bouncing around the bottom. I’m arguing about buying now.
Even among the very most optimistic PAID advocates will no longer claim this. Do you perhaps have a friendly bet as to the bottom of either the national or Sacto markets?
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Oh, and the ethnic crap was just low beyond words.
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