Comments on: Excise Tax Battle Heats Up http://seattlebubble.com/blog/2005/11/29/excise-tax-battle-heats-up/ local real estate news, statistics, and commentary without the sales spin. Mon, 22 Mar 2010 05:23:57 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: marin_explorerhttp://seattlebubble.com/blog/2005/11/29/excise-tax-battle-heats-up/#comment-193 marin_explorer Wed, 30 Nov 2005 22:22:55 +0000 http://seattlebubble.com/blog/?p=97#comment-193 This bubble continues to be pumped up by vested interests. I may be as cynical as you, because I believe when the big players have made all they can, the media will then denounce this fiasco, leaving all the small investors and homeowners in the lurch.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('193','marin_explorer',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('193','marin_explorer','This bubble continues to be pumped up by vested interests. I may be as cynical as you, because I believe when the big players have made all they can, the media will then denounce this fiasco, leaving all the small investors and homeowners in the lurch.',''); return false;">Quote</a></div> This bubble continues to be pumped up by vested interests. I may be as cynical as you, because I believe when the big players have made all they can, the media will then denounce this fiasco, leaving all the small investors and homeowners in the lurch.
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]]> By: bilirubenhttp://seattlebubble.com/blog/2005/11/29/excise-tax-battle-heats-up/#comment-192 biliruben Tue, 29 Nov 2005 22:21:00 +0000 http://seattlebubble.com/blog/?p=97#comment-192 First, what's "hard earned" about equity these days? It's one thing to toil to slowly pay off a 30 year fixed, and finally own your home free and clear as you near retirement, it's another thing to buy an "investment" property (as 20+% of home purchases are this year), sit on it for a few months or a year and flip in for a 30-50% profit. What's "hard earned" about that?<br/><br/>Secondly, impact fees are just that - money to mitigate the impact of a need for greater services when NEW homes are built. If you slap up 300 McMansions made of straw on the Sammamish Plateau you better darn well pitch in for the roads, schools and parks that those Villas now require.<br/><br/>Tax 'em both, and tax 'em heavily.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('192','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('192','biliruben','First, what\'s \"hard earned\" about equity these days? It\'s one thing to toil to slowly pay off a 30 year fixed, and finally own your home free and clear as you near retirement, it\'s another thing to buy an \"investment\" property (as 20+% of home purchases are this year), sit on it for a few months or a year and flip in for a 30-50% profit. What\'s \"hard earned\" about that?<br\/><br\/>Secondly, impact fees are just that - money to mitigate the impact of a need for greater services when NEW homes are built. If you slap up 300 McMansions made of straw on the Sammamish Plateau you better darn well pitch in for the roads, schools and parks that those Villas now require.<br\/><br\/>Tax \'em both, and tax \'em heavily.',''); return false;">Quote</a></div> First, what’s “hard earned” about equity these days? It’s one thing to toil to slowly pay off a 30 year fixed, and finally own your home free and clear as you near retirement, it’s another thing to buy an “investment” property (as 20+% of home purchases are this year), sit on it for a few months or a year and flip in for a 30-50% profit. What’s “hard earned” about that?

Secondly, impact fees are just that – money to mitigate the impact of a need for greater services when NEW homes are built. If you slap up 300 McMansions made of straw on the Sammamish Plateau you better darn well pitch in for the roads, schools and parks that those Villas now require.

Tax ‘em both, and tax ‘em heavily.

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