Sunday, March 01, 2009

The Maestro says...


...And poor Bernanke gets to mop up the mess.
Posted by at 7:40 AM
Labels: ,

19 comments:

  1. AnonymousMarch 01, 2009 9:32 AM

    What did he do?

    He tried to make friends rather than tough decisions.

    Nice watch though.

    ReplyDelete
  2. AnonymousMarch 01, 2009 10:08 AM

    "What schmucks! They think I didn't know what I was doing! LOL"

    ReplyDelete
  3. AnonymousMarch 01, 2009 12:09 PM

    Good thing he bought real estate long ago

    D.C. home values see a slight decline
    February 28, 2009 - 4:27pm

    Patricia Guadalupe, WTOP.com
    WASHINGTON- Home values will drop an average of four percent in the District, based on property assessments for next year that are being mailed out this weekend.

    Ritchie McKeithen, director of the district's Real Property Tax Administration in the Office of Tax and Revenue, says while there is generally a drop, the single digit decline is much better compared to trends in nearby localities and nationwide.

    "We are very fortunate to not have our values plummet," he says.

    For residential properties in D.C., the overall change is -3.67 percent.

    Fairfax County home values have fallen an average of 14 percent. It's worse in Montgomery County with home values dropping to 16 percent.

    Nationally, the figures are much higher.

    "Twenty to thirty percent and more," says McKeithen. "We simply don't have that here. So, if there is any good news then I think that's it."

    While the District overall is experiencing a drop, some neighborhoods -- especially those with new construction -- saw an increase. The highest at 10 percent is at Bolling Air Force Base in Southeast, which has a new development, the Landings at Bolling, a $750 million privatization of military housing.

    The new assessments will go into effect for property tax purposes in March 2010.

    Commercial properties in the district were strong, experiencing an overall increase of 1.38 percent. Officials with D.C.'s Office of Tax and Revenue say the commercial values increased because of new construction, conversion and renovation projects completed in the city.

    Property owners who want to challenge their assessments must file an appeal with the OTR's Real Property Tax Administration by April 1.

    For more information about the appeals process, visit taxpayerservicecenter.com.

    (Copyright 2009 by WTOP. All Rights Reserved.)

    ReplyDelete
  4. AnonymousMarch 01, 2009 8:02 PM

    DC OTR is actually really smart. They are playing politics very well.

    DC Real property taxes are capped at 10% increases per year. Thus, the assessments may be very, very high, but the cap is usually very low.

    In order to ward off numerous real property tax appeals wasting govt time & money (and possible loss of tax revenue), OTR lowered assessments. Mentally, people are less likely to appeal if their assessment was lowered. However, their taxes will still go up 10% from the previous year. In essence, the lower assessments will have minimal (if any) negative impact on tax revenues.

    ReplyDelete
  5. AnonymousMarch 01, 2009 8:40 PM

    " the lower assessments will have minimal (if any) negative impact on tax revenues."

    Unlike their neighbors to the north and south (MD and VA).

    ReplyDelete
  6. AnonymousMarch 02, 2009 6:51 AM

    "Unlike their neighbors to the north and south (MD and VA)."

    VA? Alexandria VA says "* The average assessed value for a residential single-family home as of January 1, 2009, is $637,154. This is a decrease of $22,836, or 3.46% from the previous year."

    Places are selling well. There are only 47 SFH and apartments available in all of 22305.

    Meanwhile over in NOVA bubble, 3 years after the bubble burst, Lance's friends are still waiting for prices to fall.

    ReplyDelete
  7. AnonymousMarch 02, 2009 1:46 PM

    22305 median down 24% YoY!

    lol

    All is well! Immune!

    "Places are selling well. There are only 47 SFH and apartments available in all of 22305."

    First off, you are wrong, there were 55 active listings in Jan.

    You know how many sold?

    5

    That is well? LOL I would hate to see poorly.

    http://www.mris.com/reports/stats/

    ReplyDelete
  8. AnonymousMarch 02, 2009 3:34 PM

    pow

    why is it that realtors are always shocked when people expose their lies?

    ReplyDelete
  9. AnonymousMarch 02, 2009 3:36 PM

    Quit posting Anon Leroy. We all know it is you...

    ReplyDelete
  10. AnonymousMarch 02, 2009 3:50 PM

    who?

    ReplyDelete
  11. AnonymousMarch 02, 2009 4:17 PM

    "Anon said

    Who?"

    Well Im convinced. The way he said "who" with such conviction, clearly its not Leroy posting anon!

    ReplyDelete
  12. AnonymousMarch 02, 2009 4:25 PM

    The real leroy would have written something much longer than that.

    ReplyDelete
  13. AnonymousMarch 02, 2009 5:09 PM

    The real leroy would have written something much longer than that.

    Yep your right - NOW im convinced. It was NOT leroy posting anonymously.

    ReplyDelete
  14. LanceMarch 02, 2009 5:48 PM

    What ever happened to Leroy? Did he finally move to Europe like he kept saying?

    ReplyDelete
  15. AnonymousMarch 02, 2009 9:48 PM

    "there were 55 active listings in Jan."

    Hey, it's March.

    Take a look at the current listings. Scratch the ones you would not buy. Include those you could not afford. How many are left?

    ReplyDelete
  16. AnonymousMarch 03, 2009 1:38 AM

    "Take a look at the current listings. Scratch the ones you would not buy. Include those you could not afford. How many are left?"

    So basically you admit you were lying about the inventory.

    good to know

    ReplyDelete
  17. AnonymousMarch 03, 2009 6:49 AM

    "Take a look at the current listings. Scratch the ones you would not buy. Include those you could not afford. How many are left?"

    None. Which is why Im waiting for prices to come down.

    ReplyDelete
  18. AnonymousMarch 03, 2009 7:58 AM

    "So basically you admit you were lying about the inventory."

    It's Leroy or someone who hallucinates in the same way.

    ReplyDelete
  19. JimmySeptember 14, 2009 5:20 AM

    He has done nothing to save us. He must take the responsibility for all these.
    Finance Help

    ReplyDelete

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