Tuesday, October 28, 2008

Perspective From The Other Side

Westside rental sponsored a landlord seminar tonight. I been a renter for many years, so it was very interesting to hear about renting from the other side.

I now understand why collecting agencies are doing so well.

Saturday, October 18, 2008

WTF!!!

Property value goes down, property tax goes up. That, my friends, makes no sense; but that's exactly what's happening (read more here).

Los Angeles Times announced that L.A. homeowners would get tax relief this year due to decrease in property value (read more here); alas, I am not one of the 128,000 homeowners.

Like all my neighbors, the value of my home been going steadily in the downward direction but my property tax bill for 2008 is 6.7% higher than that of 2007, WTF!!!

And of course, they have to make the appealing process more gruesome than it needs to be.

Sunday, October 05, 2008

Shopping Time?

The good news out of this mess is all the stocks are at bargained prices. And since I am young, I can buy more stocks and wait for them to recover.

The bad news is this may not be the bottom yet, my retirement portfolio has dropped 25%, and I probably need a lot of liquor courage before pushing that "BUY" button.