Comments on: The Housing Boom and Bust – Thomas Sowell http://www.burbed.com/2009/06/27/the-housing-boom-and-bust-thomas-sowell/ San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog Wed, 08 Feb 2012 22:43:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: zanon http://www.burbed.com/2009/06/27/the-housing-boom-and-bust-thomas-sowell/#comment-34764 zanon Mon, 29 Jun 2009 15:36:57 +0000 http://www.burbed.com/?p=3605#comment-34764 RPA is certainly up 50% RPA is certainly up 50%

]]> By: R http://www.burbed.com/2009/06/27/the-housing-boom-and-bust-thomas-sowell/#comment-34763 R Mon, 29 Jun 2009 15:08:08 +0000 http://www.burbed.com/?p=3605#comment-34763 "We’re talking about tax assessments. Majority of Palo Alto homes are still up at least 50% compared to 6 years ago (when I bought), which means there won’t be any break with property taxes." Huh? How do you figure? “We’re talking about tax assessments. Majority of Palo Alto homes are still up at least 50% compared to 6 years ago (when I bought), which means there won’t be any break with property taxes.”

Huh? How do you figure?

]]> By: SiO2 http://www.burbed.com/2009/06/27/the-housing-boom-and-bust-thomas-sowell/#comment-34762 SiO2 Mon, 29 Jun 2009 14:55:21 +0000 http://www.burbed.com/?p=3605#comment-34762 Steve, interesting competition. One thing that will put PA above San Mateo County cities is the high schools. Menlo Elementary is very good. High schools, not so much. Perhaps the people buying $4m houses will go private anyhow, but the people buying $1-2m may not which can have an effect on the higher properties. Steve, interesting competition.
One thing that will put PA above San Mateo County cities is the high schools. Menlo Elementary is very good. High schools, not so much. Perhaps the people buying $4m houses will go private anyhow, but the people buying $1-2m may not which can have an effect on the higher properties.

]]> By: anon http://www.burbed.com/2009/06/27/the-housing-boom-and-bust-thomas-sowell/#comment-34761 anon Mon, 29 Jun 2009 06:28:32 +0000 http://www.burbed.com/?p=3605#comment-34761 lol - you are out of your mind if you that's the case. lol – you are out of your mind if you that’s the case.

]]> By: Real Estater http://www.burbed.com/2009/06/27/the-housing-boom-and-bust-thomas-sowell/#comment-34760 Real Estater Sun, 28 Jun 2009 21:38:35 +0000 http://www.burbed.com/?p=3605#comment-34760 >>POV. According to the people doing the assessments, Palo Alto was down 18.92% We're talking about tax assessments. Majority of Palo Alto homes are still up at least 50% compared to 6 years ago (when I bought), which means there won't be any break with property taxes. >>POV. According to the people doing the assessments, Palo Alto was down 18.92%

We’re talking about tax assessments. Majority of Palo Alto homes are still up at least 50% compared to 6 years ago (when I bought), which means there won’t be any break with property taxes.

]]> By: nomadic http://www.burbed.com/2009/06/27/the-housing-boom-and-bust-thomas-sowell/#comment-34759 nomadic Sun, 28 Jun 2009 07:32:58 +0000 http://www.burbed.com/?p=3605#comment-34759 Perhaps you are being a bit too literal. These are public employees after all. ;-) The publication date of that report is August 2008 so the 1/1/08 valuation isn't a typo. The bottom of page 37 has the date. The cards going out now should have their valuations as of 1/1/09 however. We're not doing a straight apples-to-apples comparison. Sorry for the misdirection. Perhaps you are being a bit too literal. These are public employees after all. ;-)

The publication date of that report is August 2008 so the 1/1/08 valuation isn’t a typo. The bottom of page 37 has the date.

The cards going out now should have their valuations as of 1/1/09 however. We’re not doing a straight apples-to-apples comparison. Sorry for the misdirection.

]]> By: DreamT http://www.burbed.com/2009/06/27/the-housing-boom-and-bust-thomas-sowell/#comment-34758 DreamT Sun, 28 Jun 2009 07:20:17 +0000 http://www.burbed.com/?p=3605#comment-34758 But column 2 is "Values Declined", so it should say "Values in billions". Singular "value" can be interpreted to mean "any value in the columns below" esp. since the note spans all columns... In any case, do you really believe the 2008 isn't just a typo? I read elsewhere that assessed values were based off Jan. 2009 market value. But column 2 is “Values Declined”, so it should say “Values in billions”. Singular “value” can be interpreted to mean “any value in the columns below” esp. since the note spans all columns…
In any case, do you really believe the 2008 isn’t just a typo? I read elsewhere that assessed values were based off Jan. 2009 market value.

]]> By: nomadic http://www.burbed.com/2009/06/27/the-housing-boom-and-bust-thomas-sowell/#comment-34757 nomadic Sun, 28 Jun 2009 07:15:32 +0000 http://www.burbed.com/?p=3605#comment-34757 Good point about the ancient age of the data. But it's only <b>value</b> that's in billions, not number of properties. (See the little note in the heading.) :-) That just means we should get some really cool tax reductions next year. YAY - homeownership <i>rules!</i> Good point about the ancient age of the data. But it’s only value that’s in billions, not number of properties. (See the little note in the heading.)
:-)

That just means we should get some really cool tax reductions next year. YAY – homeownership rules!

]]> By: DreamT http://www.burbed.com/2009/06/27/the-housing-boom-and-bust-thomas-sowell/#comment-34756 DreamT Sun, 28 Jun 2009 07:10:52 +0000 http://www.burbed.com/?p=3605#comment-34756 #27 - well if the ponytail was you, at least I'm reassured that it was not RE #27 – well if the ponytail was you, at least I’m reassured that it was not RE

]]> By: DreamT http://www.burbed.com/2009/06/27/the-housing-boom-and-bust-thomas-sowell/#comment-34755 DreamT Sun, 28 Jun 2009 07:05:02 +0000 http://www.burbed.com/?p=3605#comment-34755 That page 14 table doesn't make that much sense anyway. 229 <i>billions</i> properties that declined in Palo Alto? Come on! Also is this table really based of fair market values in <b>January 2008</b> i.e. 18 months ago? Before the Q4 2008 cardiac arrest? That page 14 table doesn’t make that much sense anyway. 229 billions properties that declined in Palo Alto? Come on! Also is this table really based of fair market values in January 2008 i.e. 18 months ago? Before the Q4 2008 cardiac arrest?

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