StevenFromTexas
Getting comfortable
Everything is just fine! Estimated property and land value statements were received yesterday by everyone in Lubbock, Texas and you're not going to believe this, but values went way up again. 
Money & Economics
- Thread starter bigredfish
- Start date
Was at my old house last week helping the guy we sold it to with some things…
Said property tax went from 2200 when we sold to him in 2022 to $6800
Said property tax went from 2200 when we sold to him in 2022 to $6800
Probably nothing …
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Sybertiger
Known around here
New to Florida buyer or first time buyer?Was at my old house last week helping the guy we sold it to with some things…
Said property tax went from 2200 when we sold to him in 2022 to $6800
Sybertiger
Known around here
Doesn't sound like he qualified or benefits from Florida home portability laws. Weird. I assume you did when you changed homes.
"Florida law allows you to transfer all or a significant portion of your 'Save Our Homes' adjustment, up to $500,000, from your previous Florida home with a homestead exemption to your new home within the state of Florida that qualifies for a homestead exemption."
Sybertiger
Known around here
Maybe gonna go up another 50% today since China just announced another 50% increase.
He put down 1/2 in cash and financed the rest on a 15yr. He may still own another house in Mt Dora?We had all but paid off our mortgage prior to sale and put that chunk into fixed investments and moved into what was my mother’s place we had bought for her in 2015. It’s essentially a double wide (manufactured home) and my taxes are $100
Some of these numbers are not fully explained, Covid caused much over spending during Trump's term, this is stating Trump added 9% debt, Obama 5%, Reagan 3%. So prior to Covid, Trump's added debt is more like half of that 9%, so inline with Obama...
Trump’s administration borrowed $8.4 trillion during the former president’s time in office, while Biden has borrowed $4.3 trillion, according to an analysis by the Committee for a Responsible Federal Budget (CRFB), a Washington think tank.
Ignoring the pandemic relief measures enacted by both presidents, the proportion of debt addition still holds around 2-to-1, with former President Trump adding $4.8 trillion in non-pandemic-aid fiscal debt and Biden adding $2.2 trillion.
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Two weeks from now, both US and China are equal at 500%, hahahaha
Sybertiger
Known around here
Welp, I guess Putin is enjoying his popcorn watching the show. LOL
Can't watch the news now, full of tariffs news. The only good news is people forget the Ukraine and the Russians are having a war now.
Parley
Known around here
Not only China i think, sell the Long terms bonds push the interest rate to higher level. This will crash the stocks market and effect more normal people badly about the loans. Sell USD to help their own currency, the currency drop too much recently, esp those countries hit by the big tariffs.
Sybertiger
Known around here
We've known for years that this weapon was in their arsenal. Shame on us for digging this deep hole. Now's as good as any time to get ourselves out of the hole. Suffer some now or get destroyed in another decade if we make it that far.
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Sybertiger
Known around here
This is why Trump wanted the US Federal Reserve to drop the interest rates due to the consequences of the tariffs.