No sh*t McCarthy, so when are you having a reassessment done?????
He's not. He's hoping that demolishing these 'zombie properties' will raise the value of the already existing homes. that's the way he thinks it will remedy the declining home value properties.
Next thing they MUST address is fixing the cheltingham ave bridge. there are folks in that area who want to sell their homes....BUT CAN'T.....because of that bridge.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Since the people living next to abandoned houses didn't see their assessments lowered, as they should have been, demolishing the houses won't "raise"their property values. The "missing teeth" approach is recognized by modern urban planners as one of the causes of urban decay, not the cure. If the taxes had been adjusted accordingly, we wouldn't be seeing so many abandoned properties in the first place. This is a desperate, short-sighted approach that will only exacerbate the problems in the long run. Who wants to be the homeowner next door to a property that has been allowed to rot? Now you will have an empty lot, yes, better than a rotten building, but now your already too-high taxes are somehow justified, your house is "worth more"? So now we will forestall the necessary tax reductions even longer, creating even more abandoned properties and ever increasing taxes on remaining homeowners? Never mind. Enough idiots will think that McCheese is doing the right thing, long enough for these people to get theirs and get out of Dodge, leaving therest of us holding the bag.
Since the people living next to abandoned houses didn't see their assessments lowered, as they should have been, demolishing the houses won't "raise"their property values.
Sadly McTHIEF and his UNQUALIFIED assessor and his big (in more ways than one) cheerleader don't understand this. They will not even engage in discussion about it.
All these programs of banks giving 100% loans to buyers in Schenectady, come on, those who are getting 100% financing are those who do not have the money for a downpayment, so they are lower income and thus far more risky. The banks and the mortgage companies will be far less likely to approve a mortgage knowing that the risk is higher because they don't want to be saddled with the expense when the owners tax bills go up and their home values fall, they are not getting any equity in the house, they will walk away and be foreclosed by the financial institutions.
Mayor is clueless.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
they can demolish all they want....folks still ain't buyin' with those taxes!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
And this new law will drive up rates or an increase in loan denials. They think they can win this battle. Wait until the banks file a counter suit for being hypocrites.
Life is tough, but it's tougher when you're stupid - John Wayne
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And this new law will drive up rates or an increase in loan denials. They think they can win this battle. Wait until the banks file a counter suit for being hypocrites.
Do you really think this will pass? This proposal is just a little pressure to squeeze campaign contributions from the bankers. Even if the bankers couldn't buy off the politicians, and it did pass, the amount of the fine would be less than the cost of the property upkeep. The bankers know this is just a form of extortion, they will agree to pay a reasonable fee. This is a revenue generator for local municipalities. And these fines won't go for any upkeep of the property, it will go into the general fund to pay for salaries and retirements.
Taxes cannot possibly go down as long as the City has fixed costs/expenses (pensions,health ins.,interest on loans,raises,new hires,various ins. premiums,paving costs,chemical costs for pools,ferilizer costs for the golf course).May go down in a election year your token 2-3%.
Taxes cannot possibly go down as long as the City has fixed costs/expenses (pensions,health ins.,interest on loans,raises,new hires,various ins. premiums,paving costs,chemical costs for pools,ferilizer costs for the golf course).May go down in a election year your token 2-3%.
Not only that, the federal reserve continues to print money to guarantee inflation. As we know, government workers draw up their contracts with cost of living increases built in, so they can keep up with the inflation the central bankers create.
Taxes will never go down so-long as guaranteed inflation is the monetary policy of the U.S.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Caught the zombie article in the paper this morning about the dog and pony show over on Santa Fe St.. The best laugh was the assessed value on that piece of sh*t house, 118k +. More like $1.18
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