Zeev's Turnips Patch-No Politics (ZEEV)

[Newly2b]

Yes, I remember many Texans who still had jobs were transferred out here to the L.A. area when their companies closed their Texas offices. Those people were horrified when they saw our housing prices. Very hard to sell them anything.

Yes, of course, one can lose one's paid-off properties if unable to pay the yearly property taxes, but one would have to be in pretty bad financial shape to come to that. One can be in default for 5 yrs before they actually take the property for unpaid taxes, I believe, and I would think rents on a paid-off property could cover at least that amount. I saw many friends lose everything through over-speculation in the r.e. market prior to our '89 crash out here. Well, one reaches for the brass ring -- sometimes one gets it, sometimes one doesn't, but one always has to reach for it . . .


Newly