If that's the going rate then that's the going rate. Want cheaper? Move somewhere with less demand.

It's not a matter of wanting cheaper, it's a matter of being overvalued/overpriced.

Manny is a fraud. He does not care about the voters.

Let me see if i can explain this in a way you understand. Let’s say my great grandfather was in Paris in the early 1900s and bought a painting for $20 off of a young artist named Pablo Picasso. He hangs that painting in his house and it hangs in his home until his death when it is passed on to his son. One day someone notices the name of the artist on the painting and the family has the painting appraised. The painting is appraised at 1.5 million and identified as from Picasso’s blue period. The family holds onto the painting and several years later they put the painting up for auction where it sells for 22 million. Should the family refuse that money and sell the painting for whatever $20 would be valued at considering inflation or should they only accept 1.5 million which was the original appraisal amount?

Supply and demand set values and prices in a free market economy. By definition that means they aren’t overvalued/overpriced.

Jeff Coleman seems like a drooling moron.

He is a ****ing idiot.

Probably is. MO does not have a single politician that has functioning brain cells. It is literally choosing which person is least likely to forget to chew their food and choke to death when voting.

Seems right. If nobody will pay it, it's not worth that much.

Last December, houses in my area were going for about what mine was valued at. Then, starting this year my house is now 88% more valuable. In fact, I have the most valuable property in my subdivision - according to Jackson county. And that's going up against newer, larger, better equipped homes that have more fireplaces, newer roofs, all brick, and many, many more upgrades that I simply do not have.

Those fools. Thought their house was so much better (and so did I), little did we know that my much more modest home would be the most valuable property for a couple miles around.

I paid cash for my house about 20 years ago so I have no escrow. I just pay yearly. Ours won't double but will come close. Fun times for retired, fixed income folks. We probably deserve it, I guess.

Sounds like you will have no problem winning an appeal.

Just a warm up for when the people get to pay for a new Royals Stadium. Hard to believe these clowns continue to get elected because nobody goes to vote them out. Gotta pay for all the stuff done before the Draft and now getting ready for a soccer game.

Tax revenues generated during the draft should have dwarfed whatever was spent to get ready to host it. The same goes for the World Cup games.

Here's the problem with corporate greed. After a year plus of people selling houses at over-inflated prices because it's a seller's market, mixed with inflation in that market and a ridiculously high interest rate, you get the run-off going to people who didn't sell their houses during that time to pay for the companies who told the people their houses were worth $100k more than what they were this time last year. Eventually Uncle Sam is going to get his.

We bought our house for $340k in 2020, in the last year someone told us it was worth $452k all of a sudden and at that particular time we probably should've sold, but now it's worth $472k on Zillow and $495k through Bank of America's estimator. I haven't changed anything in that house, haven't even painted the walls, same kinda gross carpet that needs to be replaced, same boring beige colors that we just settle with, but everything is the same, just added a fence and replaced a garbage disposal that was leaking, but some idiot now says my house is worth $100k more plus than what it was almost three years ago. Someone got rich off new loans, with high as hell interest rates, off existing property by creating a demand and driving up home buying during and after the pandemic. Just another scheme to come out of that time period that some margin of people get screwed out on. Banks, lenders, mortgage companies, whoever you want to blame, follow the money and you'll see who really screwed you over. The stupidest argument I've heard yet is someone saying, "Well the supply chain and building material costs going up." On an already built house? Where the only thing to sign a terrible new loan that you need is paperwork, people's time and a pen? I love how we don't know who is really screwing us, or they're such good con-artists they made sure they could get away with it without legal repercussions. As soon as they told me what my house was worth, I'm like, "That's not right." If it's too good to be true, it always is. Members of congress, Republican or Democrat, and news outlets, you want to actually get a win for the American people, unearth this scheme and where that money is going.

Supply chain issues, higher quallity, low rates , and labor shortages drove up the price of new construction. The inability to afford a new home forced 1st and 2nd time homeowners back into older neighborhoods, so DEMAND, not materials forced the prices of existing homes up as well as new. The only way most buyers could tolerate older homes was to completely renovate them into "farmhouse/industrial", and that is where materials and labor shortages showed up in existing neighborhoods for thos unable to do the work themselves. As far as "ridiculous interest rates" go, in the 90s when I originated my first loan, rates were at 9%, but around 1981, my parents were both in the mortgage business and rates hit 18.63% for 30-yr conventional...sort of redefines "ridiculous".

Video at link

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Many at Saturday&#39;s protest said they have started the appeals process but that it’s simply not enough to fix the larger issue. <a href="https://t.co/kEeiNRLMhO">https://t.co/kEeiNRLMhO</a></p>&mdash; KCTV5 News (@KCTV5) <a href="https://twitter.com/KCTV5/status/1678045105171603458?ref_src=twsrc%5Etfw">July 9, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Jackson County homeowners gather for protest on property tax assessments

Hey dumbasses, you don’t have shit in your neighborhoods because you’ve been paying dick for taxes for years. It’s not rocket surgery.

What does "you don't have shit in your neighborhoods" mean? Are you suggesting that every homeowner has a desire for tennis courts, walking trails, and off-leash dog parks? Exactly how many thousands of dollars year do you feel is the right amount of property taxes?

Yes, they are overpriced. Know one of the reasons why?

What percentage of homes being built are starter homes for young couples.? Next to nothing.

A buddy of mine was the Super on building a subdivision South of the city, for a company owned by Blackrock. They aren't for sale, they're for rent...at $2500 a pop.


Land doesn't go up in value, but greed does.

I'd say the one thing that ****s it up is the amount of money banks are willing to throw at people, which drives up the number of people looking in a certain price range, which in turn ****s with demand.

Yeah, on a 25 year old $150k home, I bet inflation alone moves the needle well over $200k if not $250+, much less market demand... and as you said, the house is only worth what people are willing to pay for it.

Yet, many people may not be willing to pay $350k until someone who's supposed to know what the hell they're talking about tells them oh, you can afford way more house than $275! And suddenly they're trying to outbid 5 other people who should also never be looking in that price range.

(unlike Arizona where rich California assholes offer cash way over the asking price, and drive up prices. :cuss: )

Land doesn’t go up in value might be the dumbest thing I’ve ever read on here. Land is a finite resource. As supply shrinks, prices/value increases. It’s almost like you’ve never studied economics.

Read the article. That’s what they are bitching about.

I’d like to commission an art piece from you.

I want to pay your 1992 rates you charge.

Thank you.

Stevie is stuck in 1972.

I see...I thought was the same article from last week. That was one person's quote, that hardly represents the crux of the matter or the sentiments of Jackson County residents as a whole.

so they say.

I'll be at the next protest with my let's go Brandon shirt

In some areas of my business, I still charge my rate from twenty years ago.

Why?

It's still enough to take care of my family.

Stevie stuck in being content.

...but whatever you need to tell yourself.

I haven't lived in KC for almost a decade.

Rent there has doubled since then.

And picking up on some MILF's. At least they'll be home owners.

I hope you are not renting.

Yeah, I turned down my last raise and told the company to donate my performance bonus to charity because my family and I don't need the money. LMAO

Wear your 'dont turd on me' scary snake hat too!

I suggest you get over it. I determine what my wage is.




Besides, more like my hourly rate is high enough.

I love giving people going into business for themselves for the first time a good deal. Always have. Always will.

My FIL dragged me to a seminar early in my marriage. ugh.

Bob Brown was there.

He said if getting rich is all you want, you'll make money, but won't last.
If you want to last in business, give people a great product at a fair price.

That stuck to my ribs. It's been 28 years this month. I have artwork in other states, my artwork hangs in people's homes, plus murals for major corporations. I've never spent a dime on advertising and have repeat clients. I haven't had to look for work for quite some time. I have nothing to prove to myself or to you.

In the end, being happy is all that matters.

You do it your way, and I'll do it mine.

<iframe width="560" height="315" src="https://www.youtube.com/embed/NwvuxQ64oPU" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

Manny Abararca was wanting a 15 percent rate across the board. That's still a lot of money for people to pay.

We need to recall Frank White if he tries to stop this.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Clarifying: The Legislature passed an ordinance encouraging the County Executive to enact the 15 percent cap on property tax assessments. There&#39;s dissention among county counsel whether Frank White has that authority. All involved say you should continue to file your appeals. <a href="https://t.co/3DOe3oM8Rh">https://t.co/3DOe3oM8Rh</a></p>&mdash; Dave D&#39;Marko (@DaveDMarko) <a href="https://twitter.com/DaveDMarko/status/1678528611937075202?ref_src=twsrc%5Etfw">July 10, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

That seems like common sense to enact. So it's going to fail spectacularly.

Pathetic.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Jackson County Assessor tells Legislature they are out of appointments for the informal appeals meeting scheduled through Aug 15 and no longer taking walk-ins. Deadline to appeal was extended Friday through end of July and now would require formal BOE Hearing. <a href="https://t.co/SG3ER6TvXN">pic.twitter.com/SG3ER6TvXN</a></p>&mdash; Dave D&#39;Marko (@DaveDMarko) <a href="https://twitter.com/DaveDMarko/status/1678504329320226817?ref_src=twsrc%5Etfw">July 10, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

So if I'm reading that right, the assessor is basically telling the legislature to **** off and that folks will still be stuck paying their original bill?

The legislative body should be able to do something when crooks are running the show. Absolute travesty of public service.

Elections have consequences. How did your gf vote? She wear her Frank White throwback jersey to the booth?

WHY ARE YOU AGAINST CAPITALISM?!?!?!

DOES THAT MEAN YOU'RE A COMMU......

o **** yes

soggy shane's hood going to bat

Independence to consider suing Jackson County over property assessments

https://fox4kc.com/news/independence...y-assessments/

Methdependence to the rescue!!!

Yep...plenty of rental properties being built...and they're not going to be affordable housing by any means

Seems like this is apples & oranges.

The vast majority of people are working for retirement, and a good portion of those are working to pay for their kids.

Most people don't want to be in IT or managing people or whatever until they're 90... they want all the raises and all the money so they can get out of that shit and do stuff like, uh, learn to be an artist.

I could be totally wrong, but I'd imagine the closer you are to monetizing a true passion, the less concerned you are with a date and time to stop doing that thing... so, assuming they're focused on maximizing profits at all costs is probably off base by a fair amount. :shrug:

My county is pulling this bullshit too.

Ok since my home is valued so high, can i remove the PMI from my loan?

Bank - haha no we only value your home at x amount of dollars, too low. But we can reappraise it for $500! I'm getting ****ed on both ends of this scam

Oh yeah, your insurance rates go up as well, just in case it hasn't been mentioned yet

This country is a giant scam to screw the middle class out of their hard earned money.

It's a tough problem. People who own homes gripe about taxes and insurance, but (at least in theory), those are driven by your wealth increasing from equity in your house. Again, in theory, all you have to do is sell your place, and you'd be WAY ahead of where you would have been had you never bought at all (even accounting for all the taxes and insurance).

Meanwhile, younger generations can't afford to buy homes at all because the prices have increased so much, so they aren't building wealth at all.

Overall, you're far better off owning than renting in times of rapid appreciation of real estate, but you have to be willing to sell to take advantage of it.

I seriously don’t care what Stevie charges his customers and I’m happy he has an occupation that he is passionate about and provides for his family. My comments were due to Stevie’s contention that land/real estate is overvalued because homes that cost 80k to build 20-30 years ago are now selling for 300k. I’m sure he has many talents and has always seemed like a genuinely good person, but understanding economics and how supply and demand works is not his strong suit.

Younger generations can afford to buy homes, but for the most part they are unwilling to sacrifice to go it. They would never stoop so low as to not live in the same type of house their parents live in or they can’t fathom buying a fixer upper and putting sweat equity into it. They’d rather rent so they don’t have the responsibility to take care of anything and then bitch that the system is ****ing them over.

Yeah, stuff is worth only what people are willing to pay for it... and there's unfortunately other factors like stupid banks shoveling money at people and forced scarcity that **** with supply and demand.

Eh, depends on where you live I guess. The median home price in Denver these days is about $600k. I can't imagine having to save up $150k just for a down payment. I'm fortunate to have been able to buy right before the climb began.

I paid just over $200k for our place in 2009. These days, that'll barely buy you a full strip it to the studs remodel project in a shitty neighborhood.

I keep getting emails about the 80k in equity in my house. Zillow says it's worth 275k, the county says 250k, the bank says 210k. I know a couple of those aren't the best indicators but i think something is lost in translation here.

I'm thinking about doing the reappraisal once my new roof, gutters and siding are done.

I was shopping for rentals in AZ a couple years ago and there were gutted houses on the market for $250k.

I know easy solution is "well, don't live in AZ", but often not that simple for people with extended family, kids, etc.

The ~90k seventy year old starter house I bought in KC 10 years ago is now estimated at $175k, which is kind of nuts for first time buyers on a house that old and not in an amazing neighborhood.

You can get a decent idea by searching recently sold houses on zillow and filtering by the specs of your house (which is hopefully how the zestimate does it)... of course, depends on how many similar houses have sold fairly recently.

It's a long story to type on a phone, but my MIL was the executor of the estate of a friend who passed away and was responsible for selling his home. He was more of a hoarder than I have seen on any TV show, lived alone, didn't clean. The bathroom sink was held up with a 2x4 and the living room was filled with shelves with easily 5,000 VHS tapes just to paint the picture. We filled four rollaway dumpsters cleaning it out. Not a huge place, maybe 1500sf, but on a decent neighborhood.

We thought it might sell for 100k or so because of the location. The realtor suggested we list it at 275k. It sold for 300k. It was flipped and sold for 575k two months later.

Complete and utter insanity.

My buddy sold a similar size ranch house to mine 2 years ago for 250k. Different sides of town but IMO where I live is the more desirable place.

It's amazing how everything was overvalued and impossible to sell just 10 years ago. Now,all of the sudden, everything is SEVERELY undervalued and needs correction. Covid happens and suddenly everything became more valuable. ****ing bullshit what they are doing to citizens.

Our escrow jumped $150 per month overnight thanks to property taxes. My home wasn't worth 150k 10 years ago. Now it's worth 275k. I couldn't sell it for that at all. The county knows this too.

No shit, can't sell in this market unless you want to be stuck overpaying for a step down, can't refinance at these rates to get out of PMI or change from an FHA loan to a Conventional loan, just not a good scenario for anything at this point.

Zillow is ok if you are in a homogeneous subdivision, but their algorithms have little nuance, and can't really factor for new roof, HVAC, siding, etc. They ae particularly terrible when it comes to lower level finish.

90% of the houses in my neighborhood are similar ranch style houses.

This inspired me to look up my old KC house and it says it recently sold for $266k. I sold it for $90k in 1995. Crazy.

[QUOTE=bdj23;17012244]90% of the houses in my neighborhood are similar ranch style houses.[/QUOT]

Zillow will probably be in a reasonable range then if there has been a fair amount of transactions in the subdivision since 2022

lol...my first house was in Waldo, bought it around 1995 and I had to move to the burbs about 4 yrs later because I couldn't keep the burglars out. Bought it for $72, sold it for about $125 and thought I made out like a bandit. The last transaction from 2021 was $270k, and EVERY interior detail was the same as when I left. Buying and holding was one of the few ways for the middle class to stay afloat.

Seems fair!

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">As Jackson County prepares to field thousands of 2023 property value appeals, the Missouri State Tax Commission recently agreed to reduce the Country Club Plaza&#39;s assessments — from 2019 — by more than $112 million. <a href="https://t.co/RWh3yteYy1">https://t.co/RWh3yteYy1</a></p>&mdash; Kansas City Business Journal (@KCBizJournal) <a href="https://twitter.com/KCBizJournal/status/1678630302632083457?ref_src=twsrc%5Etfw">July 11, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Younger generation just has to adjust. Something like a 5 year savings plan and expect the market to lower a bit and interest rates get better. They'll learn to live frugally for a bit and appreciate what they accomplish. During the 5 year plan they can work on their credit, learn to budget, and study the market. Sure it's a harder road but at least they have a path. Got to get creative like living with parents or have roommates etc.

It's not as easy as 2009 but there can be a way.

I got married and decided to live in her house in Aurora. Small ass house in Aurora that needed a shit ton of work. We did the work. Used that money for a down payment in a 3500 sq. foot house in Lees Summit suburbia. Sold that 19 years later, used the proceeds to buy a house on the water in Florida.

I'd bet anyone over 40 is doing the same thing. Thats how the majority of the working middle class got ahead in their lives.

Prices have exploded down here too. I couldn't afford to buy my house today.

Missouri sides with Country Club Plaza in outstanding appeals of 2019 property values

Problem is, that you still need a place to live

It sure is looking that way

Yeah it's not impossible but the buying opportunities just aren't there anymore. I bought a house in 2008 for around $110K that's worth about $260K today. If I tried to do that now, I wouldn't be able to do it. There simply aren't any starter homes available today in Johnson County.

Between housing prices and student loans, an entire generation is being priced out of home ownership. Or they have to choose between owning a house or having kids. For a lot of people, there's simply not enough money to do both.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">If the ⁦<a href="https://twitter.com/ThePlazaKC?ref_src=twsrc%5Etfw">@ThePlazaKC</a>⁩ can get tax relief so should EVERY ⁦<a href="https://twitter.com/JacksonCountyMO?ref_src=twsrc%5Etfw">@JacksonCountyMO</a>⁩ resident! <a href="https://twitter.com/hashtag/KansasCity?src=hash&amp;ref_src=twsrc%5Etfw">#KansasCity</a> <a href="https://t.co/fZLd9cBgAa">https://t.co/fZLd9cBgAa</a></p>&mdash; Manny Abarca (@MannyAbarcaIV) <a href="https://twitter.com/MannyAbarcaIV/status/1678759019375210497?ref_src=twsrc%5Etfw">July 11, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Shit, that's for ones who haven't had kids yet. I feel sorry for the people who had several and were just making it before... They are totally screwed now. Shit even when we were young and had a child every $100 in the bank meant something, there's no way we could handle this inflation.

Well, I'm bombarded several times a day by people telling me they "are making $5,000 a week on their side hustle", so I don't know what they are bitching about. And I definitely don't know why they still work a "first job" when their part time job actually earns them more....:hmmm:

Fingers crossed. First meeting is on the 18th.

Good luck to everyone facing this.

You don't understand how "bombarded" is probably a very small percentage of people, or how those two groups can be completely mutually exclusive, or the value of having side gigs and having multiple streams of income is a good thing while talking about how expensive shit is these days? :spock:

I'm being unserious...I'm referring to those insidous ads imploring you to pay them $500 to "learn their techniques on how to get rich off Amazon", which is of course, "convince people to send you $500"

Sarcasm detection module will be adjusted accordingly. :thumb: