$3608.18 Real Property Tax Bill!

[John Kuthe]

Gonna PAY IT OFF! :-)

NO U.S. Governmental agency is gonna get it's SLIMY FINGERS on THIS hunk of STOLEN PROPERTY!! Since I bought it BACK from China with my Father's Hard Earned INHERITANCE!! He EARNED IT fighting the NAZIS!!

John Kuthe, Climate Activist!

[Cindy Hamilton]

Are we to assume that $3608.18 is more than one year's property tax on your
house?

Cindy Hamilton

[Terry Coombs]

  May or may not be , taxes are pretty high in some places . This is
going to be interesting , he's going to refuse to pay and end up losing
the property . Our taxes are a little more reasonable here , I think
ours was only a couple hundred bucks .

--
Snag
Yes , I'm old
and crochety - and armed .
Get outta my woods !

[Cindy Hamilton]

$3600 is about what I pay per year. Near but not in Ann Arbor, where the
taxes are much higher because they keep voting for millages for public
art and similar money-wasters (yet the roads a barely driveable).

Michigan is a little odd. Your tax basis is set when you buy the house,
and then it only increases by the inflation rate (not by increases in
the alleged value of your house) or when you make some improvement. So
my taxes have barely budged in 19 years, except when we built a second
garage, added air conditioning, etc.

Cindy Hamilton

[John Kuthe]

Real Estate Taxes are high everywhere!! But that's because Real Property Values are not nearly so stupidly expensive as more Gentrified Affluent stupidly expensive OVERPRICED STOLEN LAND!!

Assessed value: $26.920
2018 Tax Amount: $3,311.28
Interest/penalty: $268.88
Special Assessment: $28.00

A mere PITTANCE!! The REAL value of this Real Estate is: Location, Location and Location!! 5min walk to UMSL one way, 5min walk to the UMSL South Metrolink station the other and a 5min back and forth drive to STL International Airport!!

I'm gonna put STL back on the EcoMap! :-)

John Kuthe, Climate Activist!

[Bruce]

Oh cool, you're going to stop eating meat after all.

[John Kuthe]

FUCK NO! Confirmed Carnivore! I'm WEALTHTY!!

I'm gonna drive my Leaf out to a friend's in Ballwin MO soon and EAT STEAK!! I'll BETCHA!! :-)

John Kuthe, But I Won't Burn Any Petroleum To Do It!

[tert in seattle]

angelica...@yahoo.com writes:
>On Friday, March 15, 2019 at 4:16:01 PM UTC-4, Terry Coombs wrote:
>> On 3/15/2019 3:09 PM, Cindy Hamilton wrote:
>> > On Friday, March 15, 2019 at 3:55:53 PM UTC-4, John Kuthe wrote:
>> >> Gonna PAY IT OFF! :-)
>> >>
>> >> NO U.S. Governmental agency is gonna get it's SLIMY FINGERS on THIS
>hunk of STOLEN PROPERTY!! Since I bought it BACK from China with my
>Father's Hard Earned INHERITANCE!! He EARNED IT fighting the NAZIS!!
>> >>
>> >> John Kuthe, Climate Activist!
>> > Are we to assume that $3608.18 is more than one year's property tax on your
>> > house?
>> >
>> > Cindy Hamilton
>>

>> A May or may not be , taxes are pretty high in some places . This is

>> going to be interesting , he's going to refuse to pay and end up losing
>> the property . Our taxes are a little more reasonable here , I think
>> ours was only a couple hundred bucks .
>
>$3600 is about what I pay per year. Near but not in Ann Arbor, where the
>taxes are much higher because they keep voting for millages for public
>art and similar money-wasters (yet the roads a barely driveable).
>
>Michigan is a little odd. Your tax basis is set when you buy the house,
>and then it only increases by the inflation rate (not by increases in
>the alleged value of your house) or when you make some improvement. So
>my taxes have barely budged in 19 years, except when we built a second
>garage, added air conditioning, etc.
>
>Cindy Hamilton

my 2019 bill is just a little more than that

I paid over $1000 less in 2016

things have gotten nuts over here

[itsjoan...@webtv.net]

On Friday, March 15, 2019 at 3:50:42 PM UTC-5, John Kuthe wrote:
>
> I'm WEALTHTY!!
>
> I'm gonna drive my Leaf out to a friend's in Ballwin MO soon and EAT STEAK!! I'll BETCHA!! :-)
>
> John Kuthe, But I Won't Burn Any Petroleum To Do It!
>

But you'll use fossil fuels to power your water heater (let's hope you have the
courtesy to bathe before leaving the house.) He'll be using fossil fuels to
keep those steaks chilled before you arrive. Then he'll either use natural
gas or propane to fire his grill or even charcoal briquettes to cook with.
Charcoal briquettes are made from petroleum (gasp!! a fossil fuel). You'll
have to charge your transportation at sometime and that takes, wait for it,
fossil fuels!!

While there chowing down on a free meal, will you bitch at him about driving
a gasoline powered vehicle?? That will ensure you get another invitation for
sure!!

John Kuthe, a hypocrite and damned proud of it.

[John Kuthe]

ROFL!! He called me and has to go attend physically to a rental house he owns but does not live in! I said "The Thaw, eh?" and I said "Yep! I need to call my plumber and be there!"

In THAT way I am wealthier than my friend with the non-resident landlord rental property! I have NO payments on my real estate, I own it 100%! And I LIVE HERE! So if my house had a plumbing leak I'd know about it right away, hopefully!

Another difference of the 2nd Industrial Revolution and the Third! And I am in the the Third Industrial Revolution, and most of not all of YOU are not! :-(

John Kuthe, Climate Activist!

[lucreti...@fl.it]

On Fri, 15 Mar 2019 13:50:39 -0700 (PDT), John Kuthe

You keep overlooking the electricity in your area uses coal - far
worse than gas.

[itsjoan...@webtv.net]

On Friday, March 15, 2019 at 4:49:02 PM UTC-5, John Kuthe wrote:
>
> On Friday, March 15, 2019 at 4:28:38 PM UTC-5, itsjoan...@webtv.net wrote:
> >
> > John Kuthe, a hypocrite and damned proud of it.
>
> ROFL!! He called me and has to go attend physically to a rental house he owns but does not live in! I said "The Thaw, eh?" and I said "Yep! I need to call my plumber and be there!"
>

All homeowners have to deal with these unexpected and annoying issues at times.
That does not make you wealthier because you've not dealt with this particular
problem. But I bet this has lit a fire underneath him to insulate his water
lines.

>
> In THAT way I am wealthier than my friend with the non-resident landlord rental property! I have NO payments on my real estate, I own it 100%! And I LIVE HERE! So if my house had a plumbing leak I'd know about it right away, hopefully!
>

But yet you say you have a credit card bill you have to pay down each month,
not pay off, pay down. That is not being wealthy as far as subject of money
goes.

>
> Another difference of the 2nd Industrial Revolution and the Third! And I am in the the Third Industrial Revolution, and most of not all of YOU are not! :-(
>

> John Kuthe, wannabe Climate Activist!
>
You're just another poor shmuck who continues to drain the planet dry while
espousing you're making a difference so you can be the center of attention.

John Kuthe, always the hypocrite.

[itsjoan...@webtv.net]

On Friday, March 15, 2019 at 4:49:05 PM UTC-5, lucreti...@fl.it wrote:
>
> You keep overlooking the electricity in your area uses coal - far
> worse than gas.
>

Shhhhhhhhhh. He's like a little child who closes his eyes and thinks because
he has HIS eyes closed you can't see him.

Whenever the subject of solar panels is brought up, he's as silent as a tomb.

[John Kuthe]

You keep overlooking that I exactly and precisely KNOW THAT!! And if I could have afforded to replace the entire coal electricity generating paradigm I WOULD HAVE!!

But I could only trim one terminal node off the Petroleum Dependency Tree! Or as I say Suckling From The Koch Bros NIPPLES!

John Kuthe, Climate Activist!

[John Kuthe]

Stupid is an excellent DEFENSE!! NO counter to Stupid! ;-)

John Kuthe...

[Dave Smith]

The poor delusional bastard is in denial about that.

[Bruce]

Can I be the fourth? Gotta have a fourth.

[Bruce]

He knows it. It's just not part of his narrative.

[itsjoan...@webtv.net]

> John Kuthe, wannabe Climate Activist!
>
But, you've told us time and again how w.e.a.l.t.h.y you are. You could have
easily slapped several solar panels on your boarding house and consumed all
the wattage you wanted without polluting the earth. And the added benefit is
you could have sold your surplus generated electricity back to the city! Now
there is true wealth!

[itsjoan...@webtv.net]

> John Kuthe…
>
You've finally looked in the mirror and have seen the truth; a giant step
back to sanity. Congratulations wannabe climate warrior.

[Julie Bove]

"Terry Coombs" <snag...@msn.com> wrote in message
news:q6h15u$1c8$1...@dont-email.me...

Mine was around $7,000 for the year. If he's in CA, that's likely for 6
months.

[itsjoan...@webtv.net]

On Friday, March 15, 2019 at 6:26:10 PM UTC-5, Julie Bove wrote:
>
> "Terry Coombs" <snag...@msn.com> wrote in message
> news:q6h15u$1c8$1...@dont-email.me...
> >

> > May or may not be , taxes are pretty high in some places . This is going
> > to be interesting , he's going to refuse to pay and end up losing the
> > property . Our taxes are a little more reasonable here , I think ours was
> > only a couple hundred bucks .
>
> Mine was around $7,000 for the year. If he's in CA, that's likely for 6
> months.
>

Yoo-hoo, Ju-ju! Since you haven't been keeping up, Kuthe lives in Missouri.
Just a little fyi since you're so busy cooking beans and brown rice, you're
probably rather behind.

[sockmo...@comcast.net]

My property tax is over $8,000 a year!

Denise in NH

[Bruce]

On Fri, 15 Mar 2019 17:22:36 -0700 (PDT), sockmo...@comcast.net
wrote:

>My property tax is over $8,000 a year!

At least you have a lot of property!

[Hank Rogers]

And, he burns Zero gasoline.

(and his shit don't stink, Plus he is wealthy!)

[Alex]

Wow! Now you know what other people have done forever! Mine was only
$9500 give or take. Feel lucky!

[Alex]

So you handed the government $268 because you are too dumb to pay on
time? You have a real problem with bills, eh?

[Alex]

Again, wealthy people don't pay interest, or late-fee penalties.

[itsjoan...@webtv.net]

On Friday, March 15, 2019 at 9:37:47 PM UTC-5, Alex wrote:
>
> Again, wealthy people don't pay interest, or late-fee penalties.
>

And don't forget, he goes to whatever site to pay his bill there because he's
too dumb to set up the billers name on his bank account and pay all his bills
in one place. Even the *wealthy* don't run from site to site to pay their bills.

[Janet]

In article <13aa15ef-d82f-441d...@googlegroups.com>,
johnk...@gmail.com says...

>


> Assessed value: $26.920
> 2018 Tax Amount: $3,311.28
> Interest/penalty: $268.88
> Special Assessment: $28.00
>

Translation; Kuthe didn't pay/ ignored the property tax demand.

Then he got a warning the property could be repossessed and sold to
recover his unpaid tax, and sobbed

"NO U.S. Governmental agency is gonna get it's SLIMY FINGERS on THIS
hunk of STOLEN PROPERTY!!"

Then he had to pay the tax plus an overdue fine/interest of $268. Boo
hoo.

The tenants did not share the bill, boo hoo.

Janet UK

[Alex]

No kidding. Why waste the time when it can be so easy? I pay whatever
I can with my credit card to accumulate miles.

[Alex]

Pamela wrote:

> On 20:35 15 Mar 2019, John Kuthe <johnk...@gmail.com> wrote:
>
>> On Friday, March 15, 2019 at 3:16:01 PM UTC-5, Terry Coombs wrote:
>>> On 3/15/2019 3:09 PM, Cindy Hamilton wrote:
>>>> On Friday, March 15, 2019 at 3:55:53 PM UTC-4, John Kuthe wrote:
>>>>> Gonna PAY IT OFF! :-)
>>>>>

>>>>> NO U.S. Governmental agency is gonna get it's SLIMY FINGERS on THIS
>>>>> hu

>> nk of STOLEN PROPERTY!! Since I bought it BACK from China with my
>> Father's Hard Earned INHERITANCE!! He EARNED IT fighting the NAZIS!!
>>>>> John Kuthe, Climate Activist!
>>>> Are we to assume that $3608.18 is more than one year's property tax
>>>> on
>> your
>>>> house?
>>>>
>>>> Cindy Hamilton

>>> Â May or may not be , taxes are pretty high in some places . This i

>> s
>>> going to be interesting , he's going to refuse to pay and end up losing
>>
>>> the property . Our taxes are a little more reasonable here , I think
>>> ours was only a couple hundred bucks .
>>>
>>> --
>>> Snag
>>> Yes , I'm old
>>> and crochety - and armed .
>>> Get outta my woods !
>> Real Estate Taxes are high everywhere!! But that's because Real Property
>> Values are not nearly so stupidly expensive as more Gentrified Affluent
>> stupidly expensive OVERPRICED STOLEN LAND!!
>>

>> Assessed value: $26.920
>> 2018 Tax Amount: $3,311.28
>> Interest/penalty: $268.88
>> Special Assessment: $28.00

> Don't forget to tell the St Louis revenue department that your house is
> not occupied by a single family as they mistakenly think.
>

Or the IRS. Rental income is taxable, too. If you forget there is
someone here who has probably dropped that dime already.

[John Kuthe]

ROFL!!! Drop YOUR DIME!! This is a NOT FOR PROFIT business! ALL the monies I make from this house goes right back INTO IT!! I AM this house!

TAX YOUR ASS!! And SHOVE YOUR DIME UP IT TOO!

Asshole!!

John Kuthe, Climate Activist!

[Cindy Hamilton]

I've never had any income but my salary, but isn't it the case that your
income is taxable when you receive it, and any improvements defray the
capital gains tax that you pay when you sell? (Except, of course, for
the one-time exemption or if you immediately buy another house of
greater value.)

Cindy Hamilton

[Ed Pawlowski]

Improvements are handled one way, but operating costs are a different
thing.
Deductible expenses include, but are not limited to:

Cleaning and cleaning supplies
Maintenance and related supplies
Repairs
Utilities
Insurance
Travel to and from the property
Management fees
Legal and professional fees
Commissions
Taxes and tax return preparation
Lease cancellation costs
Advertising
Real estate taxes
Mortgage interest

A few people are clamoring to report John's rent income, but the fact
is, he may not have any taxable income at all. Unless you see the
numbers you are just guessing and probably wrong.

[Dave Smith]

That is probably quite true. I suspect that they real reason for the
clamoring is that he has set himself up as someone to be scorned. Even
if it were to work out that he doesn't have any taxable income he still
has to declare the income. I would love to be a fly on the wall in the
auditor's office when he starts ranting about how it is a shared
residence where they all pay him monthly.

[Cindy Hamilton]

Don't forget "non-profit". Even non-profits have to account for their
money.

Cindy Hamilton

[Ed Pawlowski]

Probably scrutinized even more than a for profit.

[Dave Smith]

That is true. I was on the board of a charity for a while and I am now
on the board of a non-profit. We have to have our books audited and file
something with the government.

[graham]

Unless it's a church!!!!

[penm...@aol.com]

What is Kootchi bitching about, my property tax is slightly more than
twice his.... and a goodly portion is school tax, which I resent
having to pay for all those JDs to waste people's money.

[penm...@aol.com]

All his rent income is taxable, and it's extremely rare that expenses
erase the tax bill. maybe for a year whie doing major alterations, but
that's all. He's only entitled to recover a small percentage of
expenses. His isn't a Not For Profit enterprise, it's not a church.
The only way he could escaped the IRS is to have kept his trap shut
about having tenants, now it's too late, the entire internet knows and
the IRS has a large department that scans the net. Actually it's
possible to have two residences, that's what many snow birds do, and
they often rent the one they are not occupying during those times but
they keep their mouth shut or they'd have to declare the rental
income. The IRS is not stupid, and they have a very close
relationship with all municipal taxing agencies, the town he's living
in will rat him out in a St. Looie minute, because they are entitled
to a higher tax rate on multi occupancy dwellings. And he'd best hope
his property insurance carrier doesn't find out or they will charge
more for having tenants, may even cancel his policy for lying about
occupancy. And since he hasn't reported the truth to his insurance
carrier if he ever has a claim like for fire or liablity if someone
gets hurt they won't pay. Not only that if a tenant falls in the
bathroom or on the steps, etc. and gets hurt and he doesn;t have a
renters clause the tenant will sue him personally and win. I went
through that with my last tenant just prior to selling that house.
Fortunately I had a rental rider on my insuance so All State's legal
department handled it, they negotiated her 2 million dollar claim down
to $28,000 and paid her. And I qas pissed that she got a cent because
the thing is she didn't fall in the house, she tripped on a crack in
the sidewalk going to work... she could have got more suing Port
Jefferson Village. She was also dumb for not having a renter's
policy. In all my leases I added a clause that the tenant must have a
renter's policy but hardly any did, too cheap to spend the $20/month.

It was very interesting being a landlord all those years, every tenant
presented a new drama. I always declared my rental income and still
made good money... some years it was more advantageous for me to rent
two houses while I lived in an apartment or moved in with a lady
friend. One thing I never did was to live in a house with tenants, a
great way to get into big trouble, especially with female tenants.

[U.S. Janet B.]

and since he is living there it becomes a whole different bit of
accounting for his expenses vs. business expenses - square footage,
percentages, etc. ;)
Janet US

[Nancy2]

Mine is high for Iowa...about $3300 a year. I keep arguing for property tax forgiveness for
(for example) seniors who have paid property tax in the same school district for decades
(30, 40, or 50 consecutive years), but it doesn't go anywhere. Dammit.

N.

[graham]

In lots of places seniors need not pay property taxes but agree to have
them set as a lien on their house so that the city collects when they
die or the house is sold.

[itsjoan...@webtv.net]

On Sunday, March 17, 2019 at 3:29:31 PM UTC-5, graham wrote:
>
> On 2019-03-17 2:26 p.m., Nancy2 wrote:
>
> > Mine is high for Iowa...about $3300 a year. I keep arguing for property tax forgiveness for
> > (for example) seniors who have paid property tax in the same school district for decades
> > (30, 40, or 50 consecutive years), but it doesn't go anywhere. Dammit.
> >
> > N.
> >

I had my taxes "frozen" two years ago and what a blessing! If I had not they
would have jumped an additional $700 last year. As many have stated in the
area "we can afford our houses, just not the property tax."

>
> In lots of places seniors need not pay property taxes but agree to have
> them set as a lien on their house so that the city collects when they
> die or the house is sold.
>

Screw that!! That's as bad as a reverse mortgage. Is interest on the unpaid
amount added to the tax bill??

[Dave Smith]

I worked for the government. One of my co-workers in my early years
there was always carrying on that civil servants should not have to pay
income tax on our pay, and especially not on over-time pay.

[John Kuthe]

I have NO PROBLEM paying our U.S. Taxes!! Somebody's gotta do it! But I'm also a Political Revolutionary and ACTING on it!!

John Kuthe, Climate Activist!

[graham]

Perfectly logical and compassionate!

Is interest on the unpaid
> amount added to the tax bill??
>

I would imagine so, after all, it's effectively a loan.

[Christ...@deathtochristianity.pl]

Wow nancy.. remember a couple of years ago when you posted this to me?

>Could we please, PLEASE, keep politics out of this newsgroup? Those posts have no place
>here.
>
>N.

Oh no wait, sorry IT WAS JUST FUCKING YESTERDAY

Let me help you out now because you seem to have forgotten what you
just said... No One gives a fuck if your conceit is so bad that you
have to brag about your property taxes. KEEP IT OUT OF THE NEWSGROUP..

WOW... some people.... sheesh!

--

____/~~~sine qua non~~~\____

[Cindy Hamilton]

That was part of the motivation for calculating Michigan's tax as they
do. To give relief to seniors who'd lived in the same house for a long
time, while "penalizing" people who move frequently.

Sadly, the law accompanied shifting school taxes (all or part, I can't
remember) to the sales tax. When the economy goes down and people buy
less stuff, funding the schools has trouble.

Cindy Hamilton

[Nancy2]

Graham, I think that is a terrible idea...right up there with reverse mortgages, which are a good idea
for those who don't care to leave anybody anything. My house is paid for, and I certainly don't
a lien on it for my heirs to worry about.

N.

[Cindy Hamilton]

My mother got a reverse mortgage. It'll be paid when her house
is sold. No big deal. I'll get less out of her estate, but
if it breaks even, I'll be satisfied.

I, personally, don't care to leave anybody anything. I'll probably
write my will to leave everything to Planned Parenthood.

Cindy Hamilton

[Dave Smith]

Our local school boards are financed through local property tax and
subsidized by the provincial government. The broad base of financing
provides a more even distribution of the money so that schools in poorer
neighbourhoods get the same level of funding.

[Cindy Hamilton]

The intent was to provide a broad base of funding. Previously,
school districts in areas with high property values had more money
than districts with low property values. The sales tax thing was
intended to correct that. The rich people just started voting
for millages and we ended up with the same disparities.

Cindy Hamilton

[graham]

Why is it so terrible? It allows the usually elderly person to carry on
living in their house without having to worry about finding the money to
pay the taxes. There is NO right to leave money to anyone!

[Ed Pawlowski]

I don't care to leave anything to anybody. My kids will get what is
left, but I'm not going out of my way to leave anything. The kids would
rather we enjoy our lives as we can.

Sure, it would be nice to give them something rather than have it sucked
up on nursing home bills, but I'm not going to skip a dinner out to
leave my kids something.

When my mother died in a nursing home, the three of us split the rest of
her money left. I bought a case of beer with my share. More important,
she got the care she needed.

[Dave Smith]

I suppose that the problem is that it is a way to buy their homes from
them at a fraction of their value. There are limits on the percentage of
the value of the house that can subject to a reverse mortgage. If you
live long enough the interest could exceed the value of the home. If you
then need to move into an old folks home or into assisted care, there
may not be enough money leftover to pay it.

Imagine what it would be like for someone living in a city like Toronto
or Vancouver where real estate prices are soaring. A person could have
got a reverse mortgage on a place valued $500,000 and been allowed
finance it for less than $300,000.He is now accruing a hefty amount in
interest on that $300,000. Meanwhile, the house is now likely worth over
$1million.

I think my uncle beat the odds on investments. He moved to Florida in
the early 1970s. He had a fair amount of real estate here, sold it all
and invested in annuities. He had a pretty good income in his
retirement. A lot of people start drawing their annuities and kick the
bucket after a few years, so the finance company gets all the capital.
He died last year 6 months short of 100, so he was getting those
payments for more than 30 years.

[Gary]

+1
My Mom conserves so much so as to try to save as much as possible
to us "kids." I've told her repeatedly that I don't count on her
left over money. I hope she outlives me and certainly hope she
spends all she wants to spend on herself. I would much rather
have my mom still here than her leftover money. I've even
suggested to her that if money ever gets tight, look into a
reverse mortgage. Not the best deal but it works.

IMO, people that are counting on a inheritance someday should be
the very ones left out of the will.

[Gary]

You just explained my opinion with a real life situation. :)

[Cindy Hamilton]

On Monday, March 18, 2019 at 1:36:26 PM UTC-4, Gary wrote:
> graham wrote:
> >
> > On 2019-03-18 7:52 a.m., Nancy2 wrote:
> > > Graham, I think that is a terrible idea...right up there with reverse mortgages, which are a good idea
> > > for those who don't care to leave anybody anything. My house is paid for, and I certainly don't
> > > a lien on it for my heirs to worry about.
> > >
> > > N.
> > >
> > Why is it so terrible? It allows the usually elderly person to carry on
> > living in their house without having to worry about finding the money to
> > pay the taxes. There is NO right to leave money to anyone!
>
> +1
> My Mom conserves so much so as to try to save as much as possible
> to us "kids." I've told her repeatedly that I don't count on her
> left over money. I hope she outlives me

That's a terrible thing to wish on her. Nobody should have
to bury their child. My father-in-law buried his wife and
two of his sons within three years' time. He was devastated.

You have a child, don't you? Would you want her to die
before you?

> IMO, people that are counting on a inheritance someday should be
> the very ones left out of the will.

No argument there. We got enough from my father-in-law's estate
to pay off our mortgage six months early. But the important
thing was that he didn't spend any more time in the nursing home.

Cindy Hamilton

[graham]

The ideal way out is that your last cheque should bounce!

[Ed Pawlowski]

On 3/18/2019 12:37 PM, Dave Smith wrote:

> I suppose that the problem is that it is a way to buy their homes from
> them at a fraction of their value. There are limits on the percentage of
> the value of the house that can subject to a reverse mortgage. If you
> live long enough the interest could exceed the value of the home. If you
> then need to move into an old folks home or into assisted care, there
> may not be enough money leftover to pay it.
>
> Imagine what it would be like for someone living in a city like Toronto
> or Vancouver where real estate prices are soaring.  A person could have
> got a reverse mortgage on a place valued $500,000 and been allowed
> finance it for less than $300,000.He is now accruing a hefty amount in
> interest on that $300,000. Meanwhile, the house is now likely worth over
> $1million.
>

And if the sell or die, the $300,000 plus interest is paid the the rest
goes to the owner or heirs. They know that up front so no loss and
possible gain.

[itsjoan...@webtv.net]

On Monday, March 18, 2019 at 11:35:03 AM UTC-5, Dave Smith wrote:
>
> On 2019-03-18 10:34 a.m., graham wrote:
> >
> > Why is it so terrible? It allows the usually elderly person to carry on
> > living in their house without having to worry about finding the money to
> > pay the taxes. There is NO right to leave money to anyone!
>
> I suppose that the problem is that it is a way to buy their homes from
> them at a fraction of their value. There are limits on the percentage of
> the value of the house that can subject to a reverse mortgage. If you
> live long enough the interest could exceed the value of the home. If you
> then need to move into an old folks home or into assisted care, there
> may not be enough money leftover to pay it.
>
> Imagine what it would be like for someone living in a city like Toronto
> or Vancouver where real estate prices are soaring. A person could have
> got a reverse mortgage on a place valued $500,000 and been allowed
> finance it for less than $300,000.He is now accruing a hefty amount in
> interest on that $300,000. Meanwhile, the house is now likely worth over
> $1million.
>

Don't forget, the reverse mortgage recipient almost must do any and all
repairs to the property while living there. The reverse mortgage company
is slowing buying your house but you've got to keep it up.

[John Kuthe]

Hee hee! Like I heard, I want my next Check to BOUNCE! ;-)

I don't give a fuck about ANYONE ELSE!! :-)

Nice life's philosophy!! ASSHOLE!!! :-(

John Kuthe, Climate Activist!

[John Kuthe]

ONLY if you TRULY DON'T GIVE A FUCK ABOUT ANYONE ELSE!!!

ASSHOLE!!

John Kuthe, Climate Activist!

[lucreti...@fl.it]

There was a local man who died leaving credit card debts adding up to
sale of his house, he left a note saying this was the only way to
'take it with you' lol

[Dave Smith]

On 2019-03-18 2:36 p.m., Gary wrote:

>> IMO, people that are counting on a inheritance someday should be
> the very ones left out of the will.

My oldest brother has spent most of his life counting on inheriting a
fortune. He expected to inherit significant money when my grandmother,
she she had left most of it to my mother, my aunt and her son. He was
upset when my father died because he expected to get the house because
he was the eldest. I don't know where he got that idea. He did okay
from my mother's estate, but it was not the windfall he had expected.
We had an uncle who was quite wealthy and who had no kids,and that was
the one who he expected would leave him millions. Well, the uncle died
last year and no one has heard anything about an inheritance. His last
hope was the aunt who ended up with my grandmother's house. She died a
couple weeks ago. My bet is that she left everything to her son and her
grandchildren.

[Dave Smith]

On 2019-03-18 3:00 p.m., lucreti...@fl.it wrote:

> There was a local man who died leaving credit card debts adding up to
> sale of his house, he left a note saying this was the only way to
> 'take it with you' lol

I used to work with a guy who had a mountain of credit card debt and was
making the minimum payments. We was not worried about it because he they
cards all had insurance so they would be paid off when he died. Good
luck with that. I have read reports of people who did the same and their
estates ended up being billed. In one case, the guy had run up $18,000
on his card and they went after the widow for the money.

[Ed Pawlowski]

No more than a normal homeowner would/should do. The reverse mortgage
may be the funding that allows them to do it too.

I know a couple that took a reverse mortgage in their 70s. It allowed
them to have some expensive repairs done to the septic system. Husband
has since passed and the wife has money for her medical and a few things
she needed. No kids to leave anything to.

They are not for everyone, but can be a big help for others.

[itsjoan...@webtv.net]

On Monday, March 18, 2019 at 3:19:42 PM UTC-5, Ed Pawlowski wrote:
>
> I know a couple that took a reverse mortgage in their 70s. It allowed
> them to have some expensive repairs done to the septic system. Husband
> has since passed and the wife has money for her medical and a few things
> she needed. No kids to leave anything to.
>
> They are not for everyone, but can be a big help for others.
>

Yes, they can be a help if you're retirement is quite meager. What also
caught my attention on the commercials was someone needing a reverse
mortgage and they're sitting in a mansion or at least a VERY upscale
home and there sits a grand piano in the background. The commercials
never really showed anyone that seems to having a hard time of meeting
basic needs and their home needing repairs.

[Alex]

John Kuthe wrote:
> On Saturday, March 16, 2019 at 9:32:33 PM UTC-5, Alex wrote:
>> Pamela wrote:
>>> On 20:35 15 Mar 2019, John Kuthe <johnk...@gmail.com> wrote:
>>>
>>>> On Friday, March 15, 2019 at 3:16:01 PM UTC-5, Terry Coombs wrote:
>>>>> On 3/15/2019 3:09 PM, Cindy Hamilton wrote:
>>>>>> On Friday, March 15, 2019 at 3:55:53 PM UTC-4, John Kuthe wrote:
>>>>>>> Gonna PAY IT OFF! :-)
>>>>>>>
>>>>>>> NO U.S. Governmental agency is gonna get it's SLIMY FINGERS on THIS
>>>>>>> hu
>>>> nk of STOLEN PROPERTY!! Since I bought it BACK from China with my
>>>> Father's Hard Earned INHERITANCE!! He EARNED IT fighting the NAZIS!!
>>>>>>> John Kuthe, Climate Activist!
>>>>>> Are we to assume that $3608.18 is more than one year's property tax
>>>>>> on
>>>> your
>>>>>> house?
>>>>>>
>>>>>> Cindy Hamilton
>>>>> Â May or may not be , taxes are pretty high in some places . This i
>>>> s
>>>>> going to be interesting , he's going to refuse to pay and end up losing
>>>>
>>>>> the property . Our taxes are a little more reasonable here , I think
>>>>> ours was only a couple hundred bucks .
>>>>>
>>>>> --
>>>>> Snag
>>>>> Yes , I'm old
>>>>> and crochety - and armed .
>>>>> Get outta my woods !
>>>> Real Estate Taxes are high everywhere!! But that's because Real Property
>>>> Values are not nearly so stupidly expensive as more Gentrified Affluent
>>>> stupidly expensive OVERPRICED STOLEN LAND!!
>>>>
>>>> Assessed value: $26.920
>>>> 2018 Tax Amount: $3,311.28
>>>> Interest/penalty: $268.88
>>>> Special Assessment: $28.00
>>> Don't forget to tell the St Louis revenue department that your house is
>>> not occupied by a single family as they mistakenly think.
>>>
>> Or the IRS. Rental income is taxable, too. If you forget there is
>> someone here who has probably dropped that dime already.
> ROFL!!! Drop YOUR DIME!! This is a NOT FOR PROFIT business! ALL the monies I make from this house goes right back INTO IT!! I AM this house!
>
> TAX YOUR ASS!! And SHOVE YOUR DIME UP IT TOO!
>
> Asshole!!
>
> John Kuthe, Climate Activist!

Good luck with that story. You still have almost a month to come clean.

https://www.irs.gov/businesses/small-businesses-self-employed/tips-on-rental-real-estate-income-deductions-and-recordkeeping

[Alex]

penm...@aol.com wrote:
> On Sun, 17 Mar 2019 10:49:29 -0400, Ed Pawlowski <e...@snet.xxx> wrote:
>
>> On 3/17/2019 7:59 AM, Cindy Hamilton wrote:

>>> I've never had any income but my salary, but isn't it the case that your
>>> income is taxable when you receive it, and any improvements defray the
>>> capital gains tax that you pay when you sell? (Except, of course, for
>>> the one-time exemption or if you immediately buy another house of
>>> greater value.)
>>>
>>> Cindy Hamilton
>>>
>> Improvements are handled one way, but operating costs are a different
>> thing.
>> Deductible expenses include, but are not limited to:
>>
>> Cleaning and cleaning supplies
>> Maintenance and related supplies
>> Repairs
>> Utilities
>> Insurance
>> Travel to and from the property
>> Management fees
>> Legal and professional fees
>> Commissions
>> Taxes and tax return preparation
>> Lease cancellation costs
>> Advertising
>> Real estate taxes
>> Mortgage interest
>>
>> A few people are clamoring to report John's rent income, but the fact
>> is, he may not have any taxable income at all. Unless you see the
>> numbers you are just guessing and probably wrong.
> All his rent income is taxable, and it's extremely rare that expenses
> erase the tax bill. maybe for a year whie doing major alterations, but
> that's all. He's only entitled to recover a small percentage of
> expenses. His isn't a Not For Profit enterprise, it's not a church.
> The only way he could escaped the IRS is to have kept his trap shut
> about having tenants, now it's too late, the entire internet knows and
> the IRS has a large department that scans the net. Actually it's
> possible to have two residences, that's what many snow birds do, and
> they often rent the one they are not occupying during those times but
> they keep their mouth shut or they'd have to declare the rental
> income. The IRS is not stupid, and they have a very close
> relationship with all municipal taxing agencies, the town he's living
> in will rat him out in a St. Looie minute, because they are entitled
> to a higher tax rate on multi occupancy dwellings. And he'd best hope
> his property insurance carrier doesn't find out or they will charge
> more for having tenants, may even cancel his policy for lying about
> occupancy. And since he hasn't reported the truth to his insurance
> carrier if he ever has a claim like for fire or liablity if someone
> gets hurt they won't pay. Not only that if a tenant falls in the
> bathroom or on the steps, etc. and gets hurt and he doesn;t have a
> renters clause the tenant will sue him personally and win. I went
> through that with my last tenant just prior to selling that house.
> Fortunately I had a rental rider on my insuance so All State's legal
> department handled it, they negotiated her 2 million dollar claim down
> to $28,000 and paid her. And I qas pissed that she got a cent because
> the thing is she didn't fall in the house, she tripped on a crack in
> the sidewalk going to work... she could have got more suing Port
> Jefferson Village. She was also dumb for not having a renter's
> policy. In all my leases I added a clause that the tenant must have a
> renter's policy but hardly any did, too cheap to spend the $20/month.
>
> It was very interesting being a landlord all those years, every tenant
> presented a new drama. I always declared my rental income and still
> made good money... some years it was more advantageous for me to rent
> two houses while I lived in an apartment or moved in with a lady
> friend. One thing I never did was to live in a house with tenants, a
> great way to get into big trouble, especially with female tenants.
>
>

I doubt he carries property insurance. If he was smart, he would, and
he would have an umbrella policy (very cheap insurance) to cover his ass
if something happens on his property.

[Ed Pawlowski]

Well yes, that does not seem smart, but they are often the target that
uses their home equity like an ATM too.

Maybe I'm old fashioned, but one of the goals in my life was to have a
decent house and paid for before retirement. In our younger years we
had some credit card debt too, but I wised up and got rid of it. Some
of the stories I hear are scary. People that may never be able to retire.

[itsjoan...@webtv.net]

On Monday, March 18, 2019 at 6:02:36 PM UTC-5, Ed Pawlowski wrote:
>
> Maybe I'm old fashioned, but one of the goals in my life was to have a
> decent house and paid for before retirement. In our younger years we
> had some credit card debt too, but I wised up and got rid of it. Some
> of the stories I hear are scary. People that may never be able to retire.
>

Me too! My house was paid for several years before I retired. One of the
guys I worked with, older than me, has no plans to retire that I know of.
There is no plan to have his house paid off either. He's refinanced at
least three times that I know of.

[Dave Smith]

I don't know what it is about credit cards that people get carried away
with them. I have a nephew that had serious CC debt. I was shocked to
hear how much it was. He had to deal with it before he bought a house.
He as no sooner into the house than he started charging up a storm
again. I had a friend who used to struggle to meet his minimum amount.

I ave never used credit cards for long term financing. When we were
younger and first married we sometimes used them for very short term
financing, buying things we didn't have the money for at the time but
would by the time the bill came in. These days I use them for some
monthly bills like telephone, satellite and newspapers and for online
purchases. When travelling I use them for hotels and meals, but only if
I have the money on the bank to pay it off.

Some say CC companies hate people like me because they don't earn any
interest of us. They should be happy to get a percentage on my
purchases. The people who re paying them interest are also the ones who
re defaulting on their payments.

[itsjoan...@webtv.net]

On Monday, March 18, 2019 at 8:29:10 PM UTC-5, Dave Smith wrote:
>
> Some say CC companies hate people like me because they don't earn any
> interest of us. They should be happy to get a percentage on my
> purchases. The people who re paying them interest are also the ones who
> re defaulting on their payments.
>

Those of us who pay our bills in full and accrue no interest on their
credit cards are referred to as 'dead beats' by the credit card companies.

[Bruce]

And if that person's a father, he's a dead beat dad.

[itsjoan...@webtv.net]

Fathers who don't pay their child support are termed dead beat dads.

[Bruce]

On Mon, 18 Mar 2019 18:53:51 -0700 (PDT), "itsjoan...@webtv.net"

<itsjoan...@webtv.net> wrote:

>On Monday, March 18, 2019 at 8:48:21 PM UTC-5, Bruce wrote:
>> On Mon, 18 Mar 2019 18:43:47 -0700 (PDT), "itsjoan...@webtv.net"
>> <itsjoan...@webtv.net> wrote:
>>
>> >Those of us who pay our bills in full and accrue no interest on their
>> >credit cards are referred to as 'dead beats' by the credit card companies.
>>
>> And if that person's a father, he's a dead beat dad.
>>
>Fathers who don't pay their child support are termed dead beat dads.

I know. I used to watch Jerry Springer :)

[Dave Smith]

It's not enough for us to get them an easy 3-5% of the sale without
having to do anything but shuffle some dollar figures back and forth.
There are lots of others the are making big interest on, but some of
those simply don't pay. Then they have to go to considerable expense to
get the money back. When it goes to a collection the agency gets a big
cut of whatever money they can get from them.

[John Kuthe]

On Monday, March 18, 2019 at 5:57:08 PM UTC-5, Alex wrote:
...

> I doubt he carries property insurance. If he was smart, he would, and
> he would have an umbrella policy (very cheap insurance) to cover his ass
> if something happens on his property.

You BET your sweet ass I do! I'm not stupid!

John Kuthe, Climate Activist!

[Nancy2]

Both of my sons have repeatedly urged me not to think about leaving them anything, to go ahead
and live it up while I can. But that isn't what I want, so I will continue to do as I wish. ;-))

N.

[lucreti...@fl.it]

When I pay in a small shop, such as the yarn shop, I always use my
debit card because the credit card companies really rip small
businesses off with their 'fees'.

[lucreti...@fl.it]

On Mon, 18 Mar 2019 18:43:47 -0700 (PDT), "itsjoan...@webtv.net"
<itsjoan...@webtv.net> wrote:

Lol, happy to be one! I got mad with Scotiabanks MasterCard who would
not give me a refund. I started at my local bank, went all the way
up to the President of the bank in Toronto but to no avail, even
though they all felt I had a case. That's when I learned that
although banks put their name on a Visa or Mastercard, it really has
nothing to do with them.

Finally, when they knew I intended to go to the media with it, a
programme called Go Public, they changed their mind. It took two
years of emails, letter writing, lengthy phone calls etc. but in the
end I did win.

[lucreti...@fl.it]

On Mon, 18 Mar 2019 18:53:51 -0700 (PDT), "itsjoan...@webtv.net"

<itsjoan...@webtv.net> wrote:

>On Monday, March 18, 2019 at 8:48:21 PM UTC-5, Bruce wrote:
>> On Mon, 18 Mar 2019 18:43:47 -0700 (PDT), "itsjoan...@webtv.net"
>> <itsjoan...@webtv.net> wrote:
>>
>> >Those of us who pay our bills in full and accrue no interest on their
>> >credit cards are referred to as 'dead beats' by the credit card companies.
>>
>> And if that person's a father, he's a dead beat dad.
>>
>Fathers who don't pay their child support are termed dead beat dads.

Our courts don't order a parent to make support payments they can't
afford, but they do make them pay up to help the children have a life
untainted by the fact the parents separated. It is for the children
and seemingly there are men who can't see further than that they are
further punishing the woman when they knowingly deprive their
children. There are millions of dollars in unpaid support owing.

[Dave Smith]

On 2019-03-19 7:38 a.m., lucreti...@fl.it wrote:

> Lol, happy to be one! I got mad with Scotiabanks MasterCard who would
> not give me a refund. I started at my local bank, went all the way
> up to the President of the bank in Toronto but to no avail, even
> though they all felt I had a case. That's when I learned that
> although banks put their name on a Visa or Mastercard, it really has
> nothing to do with them.

> Finally, when they knew I intended to go to the media with it, a
> programme called Go Public, they changed their mind. It took two
> years of emails, letter writing, lengthy phone calls etc. but in the
> end I did win.
>

They can be real assholes. I had an incident about 20 years ago where my
wife and I had a very expensive lunch at a relatively new restaurant. I
charged it. When the bill came in there were two charges at the same
restaurant, two days apart and one for about 50 cents more than the
other. I called MasterCard immediately. They called the restaurant and
were told they were knew, thought it had not gone through so they put it
through again. No problem... they were to issue a credit. When the next
bill came in and there was no credit on it I called MC, and they were
going to demand hard copies, and if they didn't get them I would not
have to pay. The next month there was still no credit so I called again
and was told the restaurant had 45 days to comply.

The lunch had been in August and the error first appeared in my
September bill. One day in March I happened to be in the area for work,
so I stopped at the restaurant. They weren't thrilled, but they cut me a
cheque. Being in uniform probably helped. By coincidence, MC called me
that night and asked if there had been any resolution to my problem.
Yes, there had, then the woman said she was happy to hear that because
after that period of time they would have a hard time. ????? They
knew I had been double billed. They knew it was an error. They knew the
restaurant did not have the hard copy. All they had to do was to credit
my account and charge it to them.

[Gary]

lucreti...@fl.it wrote:
>
> When I pay in a small shop, such as the yarn shop, I always use my
> debit card because the credit card companies really rip small
> businesses off with their 'fees'.

I always use cash for small purchases in locally owned stores.
Are you sure that the debit card does not charge stores a fee
too? I've kind of assumed they do too but I could be wrong.
Anyway, I rarely use my credit card. I only have one that I pay
off every month. My ISP does an automatic pay there and any
charges I might make, I pay off too. No interest for me, at
least.

[Gary]

Cindy Hamilton wrote:
>
> Gary wrote:
> > My Mom conserves so much so as to try to save as much as possible
> > to us "kids." I've told her repeatedly that I don't count on her
> > left over money. I hope she outlives me
>
> That's a terrible thing to wish on her. Nobody should have
> to bury their child.

In real life, yes you are correct. I was just thinking selfishly
the other way. My mom is almost 88 and we all lost DAD (her
husband of exactly 66 years and 4 months) just 2 years ago. She
seems to be doing ok with that but you know she can't be very
happy still. She always puts up a "good front." No one should
have to bury their own kids too. That just adds insult to injury
in the scheme of life.

[Gary]

lucreti...@fl.it wrote:
>
> On Mon, 18 Mar 2019 18:43:47 -0700 (PDT), "itsjoan...@webtv.net"
> <itsjoan...@webtv.net> wrote:
>
> >On Monday, March 18, 2019 at 8:29:10 PM UTC-5, Dave Smith wrote:
> >>
> >> Some say CC companies hate people like me because they don't earn any
> >> interest of us. They should be happy to get a percentage on my
> >> purchases. The people who re paying them interest are also the ones who
> >> re defaulting on their payments.
> >>
> >Those of us who pay our bills in full and accrue no interest on their
> >credit cards are referred to as 'dead beats' by the credit card companies.
>
> Lol, happy to be one! I got mad with Scotiabanks MasterCard who would
> not give me a refund.

Just curious...a refund for what?

[Ed Pawlowski]

On 3/19/2019 7:26 AM, lucreti...@fl.it wrote:

>
> When I pay in a small shop, such as the yarn shop, I always use my
> debit card because the credit card companies really rip small
> businesses off with their 'fees'.
>

I use cash under $100 or so for the same reason. Most do appreciate it.

[Ed Pawlowski]

On 3/19/2019 11:15 AM, Gary wrote:

> I always use cash for small purchases in locally owned stores.
> Are you sure that the debit card does not charge stores a fee
> too? I've kind of assumed they do too but I could be wrong.
> Anyway, I rarely use my credit card. I only have one that I pay
> off every month. My ISP does an automatic pay there and any
> charges I might make, I pay off too. No interest for me, at
> least.
>

Debit card fees are less. The money is there and the CC card company
does not have to chase down a bad debt so they can charge less.

[John Kuthe]

I love using cash when I can! Cash is the Original Black Market! OUR Market!! The People's Market! Many African Americans in STL REFUSE to put their MONEY in the White Peoples'
Banks, because they like I and especially the First Americans remember how badly the White Colonizing Racist NAZIS treated them in OUR PAST!!

John Kuthe, Climate Activist!

[Ed Pawlowski]

On 3/19/2019 7:41 AM, lucreti...@fl.it wrote:

>
> Our courts don't order a parent to make support payments they can't
> afford, but they do make them pay up to help the children have a life
> untainted by the fact the parents separated. It is for the children
> and seemingly there are men who can't see further than that they are
> further punishing the woman when they knowingly deprive their
> children. There are millions of dollars in unpaid support owing.
>

That's the theory, but it is far from a perfect system. I know of a few
cases way out of balance. One where dad is struggling and mom makes the
payments on her new car with the kids money. It is the minority, but it
does happen.

[Dave Smith]

I carry a certain amount of cash for things like coffee, lunches,
magazines and other incidentals. I used my card for a most other
purchases. I figure that merchants should appreciate that if I didn't
have the cash I would not be getting it at all.

[Dave Smith]

Sometimes the system sucks. I used to work with a guy who married a
woman with a child. When they split up he applied for custody of the
girl. The judge told him he had no claim because he was not the
biological father. But..... since he was the only father she ever knew,
he had to pay support.

[John Kuthe]

My situation with my Ex when we split was much like that, very non-traditionally UNbalanced! I was working part time trying to put myself through engineering school, she had a full time nursing job, I had just been diagnosed with MS, etc. And when I took my case to several lawyers as I had to GET a lawyer because my Ex got one, so I had to defend myself maximally! And one FEMALE attorney I spoke with told me she wished she could present my case to a judge and NOT reveal the genders of the contested parties, because as she told me I'd "clean up!"

Divorce courts are SO gender biased!!

John Kuthe, Climate Activist!

[Sqwertz]

On Fri, 15 Mar 2019 13:09:35 -0700 (PDT), Cindy Hamilton wrote:

> On Friday, March 15, 2019 at 3:55:53 PM UTC-4, John Kuthe wrote:
>> Gonna PAY IT OFF! :-)
>>

>> NO U.S. Governmental agency is gonna get it's SLIMY FINGERS on THIS hunk of STOLEN PROPERTY!! Since I bought it BACK from China with my Father's Hard Earned INHERITANCE!! He EARNED IT fighting the NAZIS!!

>>
>> John Kuthe, Climate Activist!
>
> Are we to assume that $3608.18 is more than one year's property tax on your
> house?

Mine's $4,300. We don't pay income tax in TX. This way they get to
milk us for perpetual money after we retire.

-sw

-sw

[lucreti...@fl.it]

Agreed there are also some mothers not paying child support, though
that number is pretty small for obvious reasons. My son always jokes
that when he had to pay his ex he was too scared to be a dead beat Dad
because his mother would have made sure he was dead!

[lucreti...@fl.it]

It's very minimal, not sure what but will ask in the yarn shop next
time I am there.