Quantcast Worst Idea … Ever … Gets Better
Search by tag or site Login to my blogStart my own blog















TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

The Boston Real Estate Blog

I am an independent real estate broker, focused on the residential real estate market in downtown Boston.

Worst Idea … Ever … Gets Better

Posted on 05/10/2007 10:45:57 | Link | Post Comment

Letter to the Editor, today's Boston Herald

Yoon’s plan wrong plan

City Councilor Sam Yoon’s proposal to buy back condos and homes when they are auctioned off by lenders appears to be another extension of public housing at the cost of Boston taxpayers (“Plan: It’s time to buy. Council eyes home foreclosure sales,” May 8th).

Assuming that the city owns the property, there apparently will be no real estate tax revenue taken in, thus increasing the burden to the sky-rocketing property taxes.

What should be brought to Yoon’s attention is that you take care of your own first and that others must wait in line. Councilors have refused to hear a proposal that would eliminate property taxes for city employees and others who are under a residency requirement. Yoon should insist that any such proposal on city-owned properties first be given to the underpaid city workers.

- Charles J. Livingstone, Boston

I would guess the reason city councilors have refused to hear a proposal that would eliminate property taxes for city employees is because such a proposal is an INSANE idea, as is the idea that property that the city buys from owners in foreclosure (also an insane idea) be given (given???) to city workers.

More posts about: , ,
Stock Quote or
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.