Today’s Bawldy’s Go To…

Posted @ 11:29 am - Filed under Cool Info

bawldy

It’s that time of year, so posts are few and far between, especially those of interest and quality. Here’s two I thought merited a few minutes of your time.

Brian Brady is up first. In a well thought out post, he ominously sets up four states as mere dominoes in a script full of conservative lenders, ‘right pricing’, (a new one if ever there was) and ultimately falling dominoes. His domino denouement isn’t what you might expect. All the dominoes on the board don’t fall, just a few — and even then they don’t break. The post is worth reading if only for the newly coined phrase, ‘right pricing’. I hereby predict that phrase will immediately become viral. A MUST READ

NOTE: San Diego investment property owners should pay special attention to Brian’s post.

Phil Hoover over at Boise Real Estate Info published a post today showing what’s possible (predictable?) when little minds are given big power. I’m thinking his post will grow legs and possibly even become viral. two huge parts of American culture are rooting for underdogs, and a well documented distaste for bullies in positions of power. It’s difficult for me to imagine not one home falling into the hands of someone connected with these bureaucrats with Napoleonic complexes.

“…and remember. The daily Bawldys have approximately 1/365th the value of our annual awards.

This entry was posted on Wednesday, December 26th, 2007 at 11:29 am and is filed under Cool Info. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 comments to “Today’s Bawldy’s Go To…”

Phil Hoover on December 26th, 2007 at 12:48 pm said:

  • Just spoke with one of the Statesman’s reporters who wrote one of the articles.
    He said they did some checking and couldn’t find any connection to the buyers of the two auctioned properties and NMID.
    I wonder what a skilled investigator might turn up?

BawldGuy on December 26th, 2007 at 1:04 pm said:

  • My guess would be more than that, based on experience.

Robert Coté on December 26th, 2007 at 2:47 pm said:

  • If I hadn’t been banned for life from commenting at Bloodhound I’d have left a glowing review. I laughed at the one tongue in cheek reply trying to ‘guess’ the other states. Following up on ‘right pricing.’ We all know that taxes are part of pricing. Prop 13 is either godsend or demon spawn depending upon ones’ perspective. Likewise some parts of Texas have rates bordering on the usurious. That holds prices down not only as to impacts on affordability but also uncertainty in the future. In that context, a dirty bomb was dropped on Monday by the CA LAO who suggested the home mortgage interest deduction ‘loophole’ be closed. You know when they call it LOOPHOLE that they are serious. Even Fabian Nuñez endorsed the idea. For the 2006 buyer of the median home this is more than $2000/yr in new taxes. Texas does not have an income tx. Texas makes up for this horrible loss by having the unmitigated gaul to charge the outrageous rate almost the same as California. BBQ anyone? ;-)

Robert Coté on December 26th, 2007 at 2:49 pm said:

  • Add/change: “charge an outrageous sales tax rate almost the same as California.”

Brian Brady on December 27th, 2007 at 8:50 am said:

  • Political moves are hard to predict. Consider these two thoughts:

    1- Pressure from investors revamps the Texas tax system to more fairly distribute the burden to the users.

    2- Pressure from the immigrants (of which I’m one) forces the California legislature to address Prop 13. It may be the sacred cow but it is viciously corrupt in the way it protects the “old guard”

    Taxes are necessary until they’re not. Repeal Prop 13 in CA and institute an income tax in Texas and you’ll hear a yawp of monumental proportion.

    …and then we’ll be forced to make some hard decisions in our government about our spending.

BawldGuy on December 27th, 2007 at 9:55 am said:

  • Brian — with very rare exceptions, the ‘we’ you speak of are weak kneed, opportunistic, and for the most part, rudderless politicians. That’s why Prop 13 was put into the CA constitution and not passed merely as a law.

    Only when ‘the people’ pull their heads out and begin ruthlessly casting their votes for those who will hold us AND themselves accountable, will our spending, and subsequently our taxes go down.

    After watching what’s happened the last eight years in congress re: spending, I’m not exactly encouraged.

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