Now Would Be a Really Good Time…
By Jim Conley • July 25th, 2006 • Email This Post to a Friend •
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…to impose a 3% real estate tax surcharge in Brookline. According to the Massachusetts Association of Realtors, existing home sales in the Commonwealth have fallen 16.6 percent because of, mostly, higher interest rates.
And foreclosures have risen by 66 percent (a good thing according to CPA Study Committee Chair Nancy Daly).
So, what’s the message from Brookline’s Town Meeting (whose members put the CPA surcharge on the ballot for November) to the struggling homeowner?
“Times are tough, but we need the money for snowflakes,” seems about right.
Jim Conley is publisher of On Brookline.
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Snowflakes in July might at least provide a little respite from the warm weather.
As to the foreclosures, the increase for Norfolk County is 76.9%. Who has the numbers for Brookline?
Are real estate brokers and agents servicing Brookline in favor of the CPA?
Forclosures are a bad sign Nancy! . >>
The Mortgagee Banks will take over the properties and in many cases rent them out if there are no buyers ..resut.. (no trans tax)
Parcels if sold ,will be at reduced prices with heating contracts paid by SELLERS not as part of the sale price (Reducing any trans tax)
SELLERS will pay all fees and Commissions (Reducing the trans tax)
SELLERS will credit previous year utilities cost ….etc..
SELLERS will offer other deals to reduce the sale price ( thus the trans tax)
LOWER SALE PRICES will reflect in the next townwide real estate Re-assessment…
Mister Moody will be obliged by law evaluate /asses on that basis ….
Revenue from R E Taxes will be reduced..spending curtailed !!! .
CPA ,What a good way not to PRESERVE our comunity…
What say You?…Nancy Daly (Chair) CPA
You dont believe me …ask Gil Hoy Esq. ,his Mom is a R E Broker ..