cronewitch
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I identify as a post-menopausal childless cat lady and I vote.
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Post by cronewitch on Feb 10, 2016 15:11:45 GMT -5
I like lifestyle creep just for it to be very slow. I started with nothing got a ride to the city and stayed with friends free while cleaning a house for $100 a month then upgraded to a single room bath down the hall spending pennies a day on food, losing weight from not enough food. Then upgraded to a studio apartment still not much food and no tv, radio or anything I gradually bought bedding and towels and things for the kitchen. I went from zero in June to an apartment with dishes and everything and got a radio for Christmas still no phone or tv. After marriage we rented 1 bedroom apartments for over 10 years and had handme down furniture. Upgrading to a two bedroom apartment then later a house was a major lifestyle creep but I still didn't upgrade food much but we did have TV and a phone. I was last to get a cell phone and still don't have a smart phone but do have a tablet and I have an 80 inch smart tv and a house 1680sq ft with a 6 car garage and lots of boats and tools. I don't want to have to live like I did at 18 but take each step into higher cost of living slowly. Now I don't ever buy round steak no matter how cheap and last summer bought a huge prime rib for $170 for one huge one but I know when I am being extravagant buying boneless skinless chicken breast instead of whole chicken. My great nephew is in college and never had to do without anything as a child, he has had all the gaming systems and smart phones and things he ever wanted. He said this winter when it is 19% outdoors and you turn the heat to 45 it is warm when you come in. I explained part of college is learning to be a starving student, I want to see him cold and hungry because he chooses to do something else with his money. His mom told him once she wanted to see him choose to not buy an energy drink because they cost too much. A little poverty will be a great place for him to start adult life learning about roommates and budgets. I hope his life goes well so he can move up and upgrade things like getting an apartment without a roommate then a larger apartment then condo then house and afford better food and better cars just slowly with purpose not saying he needs things he only wants. Talking to a child doesn't help them much they need to learn the hard way. I tried to tell him a car isn't a need people do live without them and he said he needed a car. His uncle told him most restaurants fail, he wants to own a restaurant but doesn't want to hear they aren't all successes so we need to step back and let him try on his own dime.
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NastyWoman
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Post by NastyWoman on Feb 10, 2016 16:03:35 GMT -5
TheHaitian, I don't believe Shasta called you out specifically because of "you being you". I think that she just used your budget post as a benchmark to compare her numbers against even if she did call your spending "redonkulous". Some of your debt would give me hives too (although NOT the $28k for infertility treatments --- more like the student debt). However, having said that, I would break out into even worse hives if I owed back taxes.
But you are doing good with your income as is Shasta. And both of you are trying to improve, so you are both YMers at heart . I hope your interviews today ended well. Isn't it great to not have to worry whether you'd get a job but only to look if there is something even better out there.
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haapai
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Post by haapai on Feb 10, 2016 16:47:13 GMT -5
FWIW, when I asked Shasta for the details regarding her property taxes, this is what I had in mind.
Tax foreclosure/seizure is definitely a state matter and it varies wildly depending on the state and the type of property involved. Some states move very aggressively against tax delinquents, imposing heavy penalties and interest and refusing to accept payments that don't exactly match exactly what they say is due. Other states may be much less aggressive, particularly if the property is owner-occupied.
I live in a state where a lot of businesses are perpetually two years behind on their property taxes but always manage to avoid tax foreclosure because they almost always come up with the arrearage before tax seizure occurs.
Shasta may be behind on her property taxes but able to pay the arrearages before tax seizure occurs and may be able to keep this up indefinitely. Rural, owner-occupied property may have a surprisingly low tax rate and digging oneself out of an arrearage may be doable.
On the other hand, some states can have rules that pretty make digging out of a tax arrearage pretty darned near impossible. If this is the case, I'd have some doubts regarding the cartel's willingness to buy the property from her instead of waiting and buying it after tax seizure.
FWIW, I simply love Shasta's use of the term, "the cartel". That is a very logical and succinct summation of her likely buyer. I applaud her realization that there is actually only one potential buyer for her property, no matter how many different names appear on property records all midwifed by the same lawyer/title company. Using that term shows awareness.
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Deleted
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Post by Deleted on Feb 10, 2016 19:26:29 GMT -5
The, ahem, growing organization" here actually has a name. They publish it in the paper. They tried to donate turkeys last Christmas and the county refused to accept them because they were clearly from illegal drug money. The local growers group passed them out. www.siskiyoudaily.com/article/20151120/NEWS/151129923Of the 2K properties in my subdivision, 250+ are now owned by the collective and "gifted" to their "relatives". The quiet patch of sage brush is now all plastic fences, port-a-shitters, giant water tanks, and now greenhouses are going in. Nothing is permitted, the county is so overwhelmed with "building code violations" that they can't do anything about it. Plus, they will no longer inspect without a sheriff escort. According to the "relatives" that border my area they are required to grow as directed for a certain number of years and then the land becomes theirs. Get busted? The "organization" bails you out. Easy Peasy.... The weird thing is this isn't any secret here, it's all over Facebook and the local papers. The fancy lawyers claimed racism as the reason the growers were being harassed and the county caved. I used to work with property tax sales in CA. I have 5 years before my property becomes sellable by the county. I have another year. I have to pay 1/4th down and then can make yearly payments of the balance with that year's taxes. I am NOT at risk of losing my property. I have an offer of a loan from a relative, but have been avoiding that because I want to just make the payment, and should be able to well before the deadline. The county will not accept monthly payments and returns them. Dumb. If the county sells my property, the excess proceeds from the sale come to me and it takes a year. I wasn't trying to pile on Carl. I remember making 80K+ a year, living in the Bay Area, and drowning every month from debt and minimum payments on cars and CCs. While my life is different now, that 65K a year difference isn't as big as it would be if my income just dropped back then when I actually cared what people thought of what I drove or where I live. I actually prefer my life now, though am working on increasing my income. I've known since DH died, 5 years ago, that I wanted to move. I started decluttering my entire life then and have just kept trying to move forward one day at a time. It's harder when you live with depression and I think most people still see mental illness and a character flaw one should just be able to magically fix... To fill those times I can't think, I took up rock hounding and hiking instead of eating. I now climb a local mountain or large hill every week or so. I lug back as much rock as I can carry and we study it. My goal is to be able to sell rough or cab/cut my own rocks to sell. This would allow me to work at writing when the brain is working, and do other things when the depression writer's block comes along... This post came out of a conversation with my son about how cans never used to have expiration dates on them and how my $1 hand lotion is probably identical to the $10 version people want sitting on their shelf...
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Knee Deep in Water Chloe
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Post by Knee Deep in Water Chloe on Feb 10, 2016 21:34:40 GMT -5
I'm not attempting to perpetuate an argument--especially since I don't think we actually have an argument here. I really am just continuing the discussion.
I think fallacy is a bit of a strong word; this is simply the reality that is personal finances. Am I completely happy with my financial situation? No. It is a compromise with DH and with the reality that is the effects of the real estate market bubble and crash.
I cannot fathom not paying a bill. That would cause me far more stress than actually having the bills show up. In that regard, I cannot live as shasta chooses to live. Could I live on $7,000 per year, $12,000 per year? $30,000 per year? Yes. I don't want to. So, I don't. So, we pay all of our bills each month.
Specifically, at that moment, we are deficit spending. This was part of the plan though (which is documented in the MFH thread). We are not going further into debt. I could stop deficit spending and re-rent the MFH. But, that doesn't solve the long term problem. I could stop paying the bills for the MFH, put that $$1,000 - 2,000 per month into savings or toward other debt or spend it, let the house foreclose, and be sued by the park. That choice just doesn't work for maintaining my sanity.
Not counting debt payments outside of the mortgage payments for the house in which we live, the car payments we currently have, and alimony payments, we lived on $101,577 last year. That's $8,465/month. Could we sell everything that is not under water and live frugally? Much less so, could I pull my daughter out of dance and immediately save $4,000 per year? YES! It's a choice to not do that. Being told that my choices are ridonkulous" is a little harsh. It's personal finance.
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Opti
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Post by Opti on Feb 11, 2016 10:06:31 GMT -5
All our experiences are different. She has really one potential buyer and can only sell once. I'm not in her shoes so I don't know what I'd do or would not. Not paying property taxes would be stressful. Selling and doing the move wrong though, I think would be worse.
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Deleted
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Post by Deleted on Feb 11, 2016 10:27:31 GMT -5
my post was reaching out to a community that I felt safe opening to oh Carl. still so young and naive...... I still think it's a "safe" place to open up to. I don't get the budget posting fears and such. Do people really get their feelings hurt because someone on a message board says they're spending too much on a cell phone?
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tallguy
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Post by tallguy on Feb 11, 2016 10:29:12 GMT -5
my post was reaching out to a community that I felt safe opening to oh Carl. still so young and naive...... Says the woman with the Mary Richards avatar?
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Lizard Queen
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Post by Lizard Queen on Feb 11, 2016 10:37:20 GMT -5
oh Carl. still so young and naive...... I still think it's a "safe" place to open up to. I don't get the budget posting fears and such. Do people really get their feelings hurt because someone on a message board says they're spending too much on a cell phone? I was actually going for with the logical fallacy term, not . Makes me wonder if people don't know exactly what it means : "The term "logical fallacy" refers to the concept of making an error in terms of reasoning". So, A may not necessarily lead to C, but that doesn't mean B doesn't lead to C. I think it's important to understand your reasons really honestly (with yourself--you don't have to share at all here if you don't want to). But you really have to get to the core of it for it to be useful. The reasons could be perfectly valid, but if the same reasons seem to keep popping up leading to the same problems over and over, maybe it's time to try to focus on that area.
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movingforward
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Post by movingforward on Feb 11, 2016 10:44:56 GMT -5
There's no way in hell I could live on 7k a year and look at myself in the mirror. If this area tanked that badly, I'd move. I have a moral IMHO obligation to pay taxes. It keeps the county going / safe .... besides how else could i complain if things arent as i want them? (Yes, i said want not need) I don't want to do my own yard work. I love my cell + I don't have a landline. If I cannot travel + enjoy life, what's the point? OP's choices are clearly her own and she derives pleasure from them, just not for me There is no way MOST anyone could live on 7K a year - that is roughly $583 a month . I don't imagine anyone could pay even minimal bills and eat on $583 a month.
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Bonny
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Post by Bonny on Feb 11, 2016 10:58:52 GMT -5
There's no way in hell I could live on 7k a year and look at myself in the mirror. If this area tanked that badly, I'd move. I have a moral IMHO obligation to pay taxes. It keeps the county going / safe .... besides how else could i complain if things arent as i want them? (Yes, i said want not need) I don't want to do my own yard work. I love my cell + I don't have a landline. If I cannot travel + enjoy life, what's the point? OP's choices are clearly her own and she derives pleasure from them, just not for me I don't know what I would do in Shasta's spot.
The cartel situation is something way beyond her. If the county and/or state law enforcement can't deal with the situation then a lot more people besides Shasta will allow their properties to be sold at tax foreclosure.
And while I don't agree with some of Shasta's decisions or POV, I haven't walked in her shoes.
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Opti
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Post by Opti on Feb 11, 2016 11:07:11 GMT -5
There is no way MOST anyone could live on 7K a year - that is roughly $583 a month . I don't imagine anyone could pay even minimal bills and eat on $583 a month. welfare would be a step up in income
I think the sheriff can't deal with the 'cartel' because they are underfunded ... the county has no money due to unpaid taxes. Still say I'd move but that's me How? Does she even have a child 18 or younger to qualify for welfare with?
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haapai
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Post by haapai on Feb 11, 2016 11:08:46 GMT -5
I am NOT at risk of losing my property. I have an offer of a loan from a relative, but have been avoiding that because I want to just make the payment, and should be able to well before the deadline. The county will not accept monthly payments and returns them. Dumb. If the county sells my property, the excess proceeds from the sale come to me and it takes a year. I've deleted most of your post to get these two paragraphs to show up as a quote. Yes, I read the rest and find it quite reassuring. I think that you have a pretty good handle on your state's tax seizure procedure. I still have a question though. I am NOT at risk of losing my property. I have an offer of a loan from a relative, but have been avoiding that because I want to just make the payment, and should be able to well before the deadline. The county will not accept monthly payments and returns them. Dumb.
Is the relative referred to in the paragraph above one of your relatives or one of "the relatives"? I'd also like to make a comment regarding the second, one-sentence paragraph. If the county sells my property, the excess proceeds from the sale come to me and it takes a year. Yup, that's the way that the law reads. If the county seizes the property and sells it for an amount greater than the taxes and penalties due, you'll get the excess. However, isn't that exceedingly unlikely to happen? I don't see a second cash bidder in this story so I don't see any likelihood of the tax-seized property selling for a dime more than the taxes due. Am I missing something?
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movingforward
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Post by movingforward on Feb 11, 2016 11:13:51 GMT -5
There is no way MOST anyone could live on 7K a year - that is roughly $583 a month . I don't imagine anyone could pay even minimal bills and eat on $583 a month. welfare would be a step up in income I think the sheriff can't deal with the 'cartel' because they are underfunded ... the county has no money due to unpaid taxes. Still say I'd move but that's meI am going to be flat out honest...there is no way in hell I would live there or have any desire to live that way in general. Obviously, there are people who do though.
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Lizard Queen
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Post by Lizard Queen on Feb 11, 2016 11:27:54 GMT -5
There's no way in hell I could live on 7k a year and look at myself in the mirror. If this area tanked that badly, I'd move. I have a moral IMHO obligation to pay taxes. It keeps the county going / safe .... besides how else could i complain if things arent as i want them? (Yes, i said want not need) I don't want to do my own yard work. I love my cell + I don't have a landline. If I cannot travel + enjoy life, what's the point? OP's choices are clearly her own and she derives pleasure from them, just not for me There is no way MOST anyone could live on 7K a year - that is roughly $583 a month . I don't imagine anyone could pay even minimal bills and eat on $583 a month. IMO, if you fail to pay a bill as important as property taxes, your not really living on $7000 that year. You're borrowing the balance that went unpaid (and living on borrowed time).
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Bonny
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Post by Bonny on Feb 11, 2016 11:33:04 GMT -5
I am NOT at risk of losing my property. I have an offer of a loan from a relative, but have been avoiding that because I want to just make the payment, and should be able to well before the deadline. The county will not accept monthly payments and returns them. Dumb. If the county sells my property, the excess proceeds from the sale come to me and it takes a year. I've deleted most of your post to get these two paragraphs to show up as a quote. Yes, I read the rest and find it quite reassuring. I think that you have a pretty good handle on your state's tax seizure procedure. I still have a question though. I am NOT at risk of losing my property. I have an offer of a loan from a relative, but have been avoiding that because I want to just make the payment, and should be able to well before the deadline. The county will not accept monthly payments and returns them. Dumb.
Is the relative referred to in the paragraph above one of your relatives or one of "the relatives"? I'd also like to make a comment regarding the second, one-sentence paragraph. If the county sells my property, the excess proceeds from the sale come to me and it takes a year. Yup, that's the way that the law reads. If the county seizes the property and sells it for an amount greater than the taxes and penalties due, you'll get the excess. However, isn't that exceedingly unlikely to happen? I don't see a second cash bidder in this story so I don't see any likelihood of the tax-seized property selling for a dime more than the taxes due. Am I missing something? That's my feeling as well. But I don't know the area very well. The cartel could come in for more money than the back taxes but the fees and accrued interest could very well exceed market value.
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haapai
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Post by haapai on Feb 11, 2016 12:18:59 GMT -5
deleted by author, who is having a brain fart.
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Chocolate Lover
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Post by Chocolate Lover on Feb 11, 2016 14:35:49 GMT -5
And we wonder why Shasta posts so infrequently. I think she's very aware of her issues but when you only have so much you only have so much. Most of us know where she came from and to have gotten to where she is now is impressive to me. Especially having mental health issues that slows progress down. I didn't get the impression she was saying you should all live like she does, just that the exact opposite of most lifestyles here is possible. You can even find happy times in it. Then again, I'm still closer to her end of the scale here than everyone else's....
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Green Eyed Lady
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Post by Green Eyed Lady on Feb 11, 2016 14:51:39 GMT -5
I don't think she was saying people should live as she does either. I think some (or at least I) have an issue with her using the word "redonkulous" in regards to another's finances. It's pretty critical of someone who, while they may have gotten in over their heads and made some unwise decisions. are at least paying what they owe.
I saw it as a criticism of another and a case of "those who live in glass houses", but that's just me. However, from reading, I don't think I'm alone.
Many, many people here - me included - have expressed admiration for Shasta's accomplishments, but that doesn't mean she can crap in the pool and everybody is going to smile about it.
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Chocolate Lover
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Post by Chocolate Lover on Feb 11, 2016 15:23:36 GMT -5
I don't think she was saying people should live as she does either. I think some (or at least I) have an issue with her using the word "redonkulous" in regards to another's finances. It's pretty critical of someone who, while they may have gotten in over their heads and made some unwise decisions. are at least paying what they owe.
I saw it as a criticism of another and a case of "those who live in glass houses", but that's just me. However, from reading, I don't think I'm alone.
Many, many people here - me included - have expressed admiration for Shasta's accomplishments, but that doesn't mean she can crap in the pool and everybody is going to smile about it.
I find a lot of finances here rather "redonkulous" but I know better than to say so. I'm not one of the special snowflakes. There are posters who CAN do that, or get away with so much other crap and never get called on it. As if YM doesn't criticize everyone all the time, including the person she was talking about. No, no one will give her any slack. She's living a YM disapproved life.
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haapai
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Post by haapai on Feb 11, 2016 16:41:27 GMT -5
I've deleted most of your post to get these two paragraphs to show up as a quote. Yes, I read the rest and find it quite reassuring. I think that you have a pretty good handle on your state's tax seizure procedure. I still have a question though. I am NOT at risk of losing my property. I have an offer of a loan from a relative, but have been avoiding that because I want to just make the payment, and should be able to well before the deadline. The county will not accept monthly payments and returns them. Dumb.
Is the relative referred to in the paragraph above one of your relatives or one of "the relatives"? I'd also like to make a comment regarding the second, one-sentence paragraph. If the county sells my property, the excess proceeds from the sale come to me and it takes a year. Yup, that's the way that the law reads. If the county seizes the property and sells it for an amount greater than the taxes and penalties due, you'll get the excess. However, isn't that exceedingly unlikely to happen? I don't see a second cash bidder in this story so I don't see any likelihood of the tax-seized property selling for a dime more than the taxes due. Am I missing something? That's my feeling as well. But I don't know the area very well. The cartel could come in for more money than the back taxes but the fees and accrued interest could very well exceed market value. I don't think that there's much danger of the tax arrearage exceeding the value of the property. I think that the problem is a shortage of buyers. I'm not sure that the property would be particularly attractive to a member of SAM. A lot hinges on whether the well has the capacity to serve adjacent properties. If it does, Shasta's property is probably worth quite a bit more to 422 and it might be unwise to even attempt to buy it. That just drives up the price that 422 has to pay. Not neighborly! But I can't really remember the details of the well capacity. That was on another thread a long time ago.
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Bonny
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Post by Bonny on Feb 11, 2016 16:57:48 GMT -5
That's my feeling as well. But I don't know the area very well. The cartel could come in for more money than the back taxes but the fees and accrued interest could very well exceed market value. I don't think that there's much danger of the tax arrearage exceeding the value of the property. I think that the problem is a shortage of buyers. I'm not sure that the property would be particularly attractive to a member of SAM. A lot hinges on whether the well has the capacity to serve adjacent properties. If it does, Shasta's property is probably worth quite a bit more to 422 and it might be unwise to even attempt to buy it. That just drives up the price that 422 has to pay. Not neighborly! But I can't really remember the details of the well capacity. That was on another thread a long time ago. Could you explain these two references?
I think back taxes could exceed the FMV after five years of taxes, penalties and interest.
For fun I googled Shasta county tax lien sales. In February 2015 43 parcels were offered and only 24 sold.
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whoami
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Post by whoami on Feb 11, 2016 17:27:14 GMT -5
I don't think she was saying people should live as she does either. I think some (or at least I) have an issue with her using the word "redonkulous" in regards to another's finances. It's pretty critical of someone who, while they may have gotten in over their heads and made some unwise decisions. are at least paying what they owe.
I saw it as a criticism of another and a case of "those who live in glass houses", but that's just me. However, from reading, I don't think I'm alone.
Many, many people here - me included - have expressed admiration for Shasta's accomplishments, but that doesn't mean she can crap in the pool and everybody is going to smile about it.
I find a lot of finances here rather "redonkulous" but I know better than to say so. I'm not one of the special snowflakes. There are posters who CAN do that, or get away with so much other crap and never get called on it. As if YM doesn't criticize everyone all the time, including the person she was talking about. No, no one will give her any slack. She's living a YM disapproved life. One only need wander over to the prom dress thread to see the disparity between the reactions to the board pet(s). Seriously, some who are commenting about this alleged "calling out" over what amounts to a brag-plaint (and yes that is exactly what I think it is) seem to feel perfectly justified "calling out" another poster on a different thread over a question that wasn't even asked.
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HoneyBBQ
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Post by HoneyBBQ on Feb 11, 2016 17:30:25 GMT -5
Having dropped income in half back in the day when my DH became disabled, hope nothing ever happens to you or your wife. It's different when you both can't work as much as you would like, or at all. You have a LOT of income to try and recover. Different strokes. I could live on less. But yeah, my mortgage + day care + commuting expense is almost 7k month. I could quit my job, stay home with my daughter, and move to a LCOL. But judging with no perspective isn't really fair. I pay 14k a year just for property tax. It's not like Carl ever said 7k was peanuts. It IS what it is.
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haapai
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Post by haapai on Feb 11, 2016 17:32:31 GMT -5
Those are the names that the two groups of growers use and the newspaper prints. I got them from the link that Shasta posted. 422 is the group that I've been calling "the cartel" and "the relatives". I think that I'll follow Shasta's admirable lead and not identify the ethnic group that they belong to. SAM is the name that the older, much looser growers use for their PR. What I'm trying to say here is that I'm not convinced that Shasta's land is attractive to growers outside of the cartel, which drives down the potential buyers/bidders to one.
The land is only attractive as a grow site. That's already been established. It's also shot up in value quite considerably in the last few years. The tax basis might not have gone up at the same pace and the millage might be quite low. Therefore, I think the odds are quite reasonable that even with penalties, it might still be worth more than the back taxes et al.
I don't know whether the property is in CA with 18% annual interest penalties or in another state, so I'm kinda ignoring that mind-blowing interest rate. Yeah, that kind of interest rate would definitely result in lots of tax-seized property going unsold because they were overpriced but Shasta's property isn't very normal.
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kittensaver
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Post by kittensaver on Feb 11, 2016 17:37:17 GMT -5
Those are the names that the two groups of growers use and the newspaper prints. I got them from the link that Shasta posted. 422 is the group that I've been calling "the cartel" and "the relatives". I think that I'll follow Shasta's admirable lead and not identify the ethnic group that they belong to. SAM is the name that the older, much looser growers use for their PR. What I'm trying to say here is that I'm not convinced that Shasta's land is attractive to growers outside of the cartel, which drives down the potential buyers/bidders to one. The land is only attractive as a grow site. That's already been established. It's also shot up in value quite considerably in the last few years. The tax basis might not have gone up at the same pace and the millage might be quite low. Therefore, I think the odds are quite reasonable that even with penalties, it might still be worth more than the back taxes et al. I don't know whether the property is in CA with 18% annual interest penalties or in another state, so I'm kinda ignoring that mind-blowing interest rate. Yeah, that kind of interest rate would definitely result in lots of tax-seized property going unsold because it was overpriced but Shasta's property isn't very normal. This may also help to explain why the county may not be eager to come in and take her property away for unpaid back taxes. They would find themselves right in the middle of a "situation" that they simultaneously want to ignore because they are understaffed. How much trouble would the county tax collector be in if it came to light that they were knowingly selling property to drug lords? Shasta could get away with it - - they (the county) never could.
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haapai
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Post by haapai on Feb 11, 2016 17:44:34 GMT -5
Yup, the county might decide that the green was a bit too green and ask a lot of questions. Shasta might be able to leverage that a bit.
On the other hand, if the county is going to get nosy about where the cash came from, the cartel is probably in a better position to explain themselves than a non-cartel buyer. They can pull out the "dozens of contributions from various relatives" song and dance and non-cartel growers would probably not be able to do the same.
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Bonny
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Post by Bonny on Feb 11, 2016 19:44:31 GMT -5
Those are the names that the two groups of growers use and the newspaper prints. I got them from the link that Shasta posted. 422 is the group that I've been calling "the cartel" and "the relatives". I think that I'll follow Shasta's admirable lead and not identify the ethnic group that they belong to. SAM is the name that the older, much looser growers use for their PR. What I'm trying to say here is that I'm not convinced that Shasta's land is attractive to growers outside of the cartel, which drives down the potential buyers/bidders to one. The land is only attractive as a grow site. That's already been established. It's also shot up in value quite considerably in the last few years. The tax basis might not have gone up at the same pace and the millage might be quite low. Therefore, I think the odds are quite reasonable that even with penalties, it might still be worth more than the back taxes et al. I don't know whether the property is in CA with 18% annual interest penalties or in another state, so I'm kinda ignoring that mind-blowing interest rate. Yeah, that kind of interest rate would definitely result in lots of tax-seized property going unsold because it was overpriced but Shasta's property isn't very normal. This may also help to explain why the county may not be eager to come in and take her property away for unpaid back taxes. They would find themselves right in the middle of a "situation" that they simultaneously want to ignore because they are understaffed. How much trouble would the county tax collector be in if it came to light that they were knowingly selling property to drug lords? Shasta could get away with it - - they (the county) never could. I'm wondering how the county could actually discriminate at an auction? Somebody pays using cashier's checks and forms a holding company/LLC.
haapai, property is in CA but is protected by Prop 13. I'm not sure what Shasta's county charges for penalties but mine is a hefty 10%.
Back in the old days the fees and interest were a lot more modest and investors would routinely defer paying the property taxes while earning 17% on CDs.
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MJ2.0
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Post by MJ2.0 on Feb 11, 2016 19:55:11 GMT -5
I find a lot of finances here rather "redonkulous" but I know better than to say so. I'm not one of the special snowflakes. There are posters who CAN do that, or get away with so much other crap and never get called on it. As if YM doesn't criticize everyone all the time, including the person she was talking about. No, no one will give her any slack. She's living a YM disapproved life. One only need wander over to the prom dress thread to see the disparity between the reactions to the board pet(s). Seriously, some who are commenting about this alleged "calling out" over what amounts to a brag-plaint (and yes that is exactly what I think it is) seem to feel perfectly justified "calling out" another poster on a different thread over a question that wasn't even asked. We all live in some version of a glass house.
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seriousthistime
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Post by seriousthistime on Feb 11, 2016 19:59:38 GMT -5
What is the value of the property to the potential buyers if the feds come in and file for forfeiture? That could depress the value to the potential buyers.
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