Municipal Bond Failures. This Would be a Real Crisis.

[apvbguy]

I suppose that you will now claim that your original point was that the property taxes are NOT going to decline despite the value of the deflating real estate market.

please cite where I made that comment, either you are putting words in my mouth or you just are having a comprehension issue.

now to clarify what you are trying to say is that property taxes revenues, not property taxes might decline. the current conditions in the financial markets should have little impact on property tax rates and the conditions in the financial markets might have an effect on property tax revenues, but that is not a function of property taxes issues, it is an issue of the financial markets problems spilling out from wall st to main st. If businesses start to fail and they are unable to meet their property taxes that will certainly impact revenues.

[RiversideGator]

So do you still stand by the advice that last january was 'the time to buy', River?

River,

When even the affluent middleclass gets wiped out of a development due to this predatory banking nonsense, something is wrong.

seriously wrong.

You seem to seriously think that only the poor suffer during recessions.

Stephen:  Apparently you didnt read the article very closely.  The article explicitly blames this problem on the fact that Shaker Heights is a poor section of Cleveland in which the poor have been taken by lenders.  See this excerpt:

"Shaker Heights was the perfect storm: poor folks, unemployed and a desire to get a piece of the American Dream."

And, some middle class and wealthy people, as well as some poor people, have been caught up in the real estate downturn.  This is just part of the business cycle.  Periodically real estate slumps occur and you have to hang on by your fingernails if you are on the margin.  But, real estate always comes back.  And, I wouldnt say that the middle class is being "wiped out".  This sort of hyperbole is sort of a Stephen Dare hallmark but it really makes your arguments much less persuasive.  BTW, there are some trememdous deals out there nowdays.  If people are looking to buy, this is the time.

Yes.  In Jacksonville at least.  I missed out on some tremendous opportunities at the time because I was not liquid enough and could not get financing.  When the next real estate downturn happens, I will be ready.

[RiversideGator]

Is that when you plan on making your first purchase?

[apvbguy]

I suppose that you will now claim that your original point was that the property taxes are NOT going to decline despite the value of the deflating real estate market.

please cite where I made that comment, either you are putting words in my mouth or you just are having a comprehension issue.

now to clarify what you are trying to say is that property taxes revenues, not property taxes might decline. the current conditions in the financial markets should have little impact on property tax rates and the conditions in the financial markets might have an effect on property tax revenues, but that is not a function of property taxes issues, it is an issue of the financial markets problems spilling out from wall st to main st. If businesses start to fail and they are unable to meet their property taxes that will certainly impact revenues.

Mmmm.   I see.  So now you are backpedalling from your original statement.  Awesome.

So what exactly do you disagree with from the original post and where is your supporting evidence to back up your opinion.

You were very clear about stating your points, I don't understand why you arent able to back them up.

back peddling? I never stated what you claimed I did, now stop being so obtuse, you've been exposed, say your mea culpas and move on

[RiversideGator]

John and I sold the majority of our property in Springfield in June/July 06.

We still have some property but I feel like we made a few great decisions actually.

I don't doubt that I will probably pick up a bit over the next two years.   Where is problematic.

Why do you ask?

The properties must have been in the name of a corporation or someone else then.

BTW, who is "John"?

[whitey]

I was following this situation for about the last two years since I was trading in and out of the stock of Syncora (SCA) until a month or two ago.  This has nothing to do with the current credit issue, none, zero, zip, nada, zilch, which judging by the title of this thread is what Stephen was aiming at here.

This issue was caused by uninformed public officials who did not understand what they were getting into from the beginning.

[jaxhater]

Wow
I can't understand why everyone on this site thinks apvbguy is idiot.
He is totally right that the economy is doing great!.
From what I have heard he is a nineteen your old with a 210 IQ.
He seems to know about anything that is posted on this site.
WE should just ask him the answer to our every question, hey apvbguy,
why if your so smart do you argue with so many people who you think are wrong.
This post is about something that has to with the adult world.
When you grow up and become an adult then maybe you will understand something about bond defaults.
BTW  If riverside gator agrees with you, you are doomed.
Hey river, has that real estate market?

[apvbguy]

I was following this situation for about the last two years since I was trading in and out of the stock of Syncora (SCA) until a month or two ago.  This has nothing to do with the current credit issue, none, zero, zip, nada, zilch, which judging by the title of this thread is what Stephen was aiming at here.

This issue was caused by uninformed public officials who did not understand what they were getting into from the beginning.

that's what prompted my 2+2+7 comment he is taking 2 disconnected issues to come to a bastardised conclusion.
Please don't introduce the facts surrounding the issue because our oracle has already made up his own set of facts and come to his conclusions.

[RiversideGator]

Wow
I can't understand why everyone on this site thinks apvbguy is idiot.
He is totally right that the economy is doing great!.
From what I have heard he is a nineteen your old with a 210 IQ.
He seems to know about anything that is posted on this site.
WE should just ask him the answer to our every question, hey apvbguy,
why if your so smart do you argue with so many people who you think are wrong.
This post is about something that has to with the adult world.
When you grow up and become an adult then maybe you will understand something about bond defaults.
BTW  If riverside gator agrees with you, you are doomed.
Hey river, has that real estate market?

Are you attempting to make a coherent argument? 

[apvbguy]

Wow
I can't understand why everyone on this site thinks apvbguy is idiot.
He is totally right that the economy is doing great!.
From what I have heard he is a nineteen your old with a 210 IQ.
He seems to know about anything that is posted on this site.
WE should just ask him the answer to our every question, hey apvbguy,
why if your so smart do you argue with so many people who you think are wrong.
This post is about something that has to with the adult world.
When you grow up and become an adult then maybe you will understand something about bond defaults.
BTW  If riverside gator agrees with you, you are doomed.
Hey river, has that real estate market?

Are you attempting to make a coherent argument? 

there's an old saying about fighting with a pig, you both roll around in the mud and the pig really enjoys it, in other words don't bother with the trolls

[whitey]

So what does the article tell you jaxhater?

I really don't understand how you make the connection from this particular bond issue which has been an ongoing for the last 3 or so years with whats happening now in the credit markets.

[jaxnative]

I asked steven to post this article so I take it personal.

Awwwwwwwwwwwwwwww

You two rightwing nuts are getting what you deserve.
I take great pleasure in seeing nazi scum like you going down in flames.

Waiting for the civility cavalry to come charging??

[jaxhater]

Vote Mccain -Palin.

Hey good ole boys on here, soon enough you will have what you been praying for.

WWW3 and depression all at once.
May your God have mercy on your souls

[RiversideGator]

I asked steven to post this article so I take it personal.
You two rightwing nuts are getting what you deserve.
I take great pleasure in seeing nazi scum like you going down in flames.
Apvbguy, your days are numbered on this site, so I quess the gamers are going have to put up with you again
River is only on here for comic relief.
I can't wait till 09...........Vote Mccain-Palin.

Take your medicine now.   

[RiversideGator]

John and I sold the majority of our property in Springfield in June/July 06.

We still have some property but I feel like we made a few great decisions actually.

I don't doubt that I will probably pick up a bit over the next two years.   Where is problematic.

Why do you ask?

The properties must have been in the name of a corporation or someone else then.

BTW, who is "John"?

the answer, River, is um....nunya.

Just wondering.  I mean you brought the properties and John up.  I just cant seem to find any record of property ownership ever.