Re: [UC] Pricing people out

[Richard Hotchkiss]

Title: Re: [UC] Pricing people out

I don’t see how the Penn program “forces” anyone out, if anything it is a windfall to those longtime owners who now decide to sell. Without the incentive program and the Alexander School, I don’t think the prices of houses would have increased by up to 6 fold (in some cases) over the past five years. I also think the area would have continued to slide in the other direction as it had been since the late 70’s  until the Penn incentive began.

And if you really want to know what taxation is all about, check out what suburbanites pay and what services they don’t get (limits on trash pick up etc.). Many areas also get hit with a school tax on top of their property taxes and income taxes.

Another good thing about raising property values is more equity for loans so that one may reinvest in their property or themselves.



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Richard Hotchkiss
http://www.hotstrings-inc.com
215 382 8706