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Latest property tax reform proposal

FAR - News & Events - Senate Democrats offer wide-ranging tax reform proposal

The Democratic proposal would flesh out [portability]. It would exempt homeowners from taxes on the difference between the values of the old and new homes – up to a maximum of $250,000 – if they move to a more expensive house. If they go to a cheaper one, they would pay no more than they did on their old house.

The portability provision would be linked to reducing Save Our Homes benefits. The annual tax limit would go to 3 percent plus inflation as measured by the Consumer Price Index, but no more than 6 percent total. The result would be higher taxes for homesteads.

‘Irresponsible’ Mortgages Have Opened Doors to Many of the Excluded - New York Times

‘Irresponsible’ Mortgages Have Opened Doors to Many of the Excluded - New York Times

Article is more balanced than you would expect of the NYT.

Almost every new form of mortgage lending — from adjustable-rate mortgages to home equity lines of credit to no-money-down mortgages — has tended to expand the pool of people who qualify but has also been greeted by a large number of people saying that it harms consumers and will fool people into thinking they can afford homes that they cannot.

Congress is contemplating a serious tightening of regulations to make the new forms of lending more difficult. New research from some of the leading housing economists in the country, however, examines the long history of mortgage market innovations and suggests that regulators should be mindful of the potential downside in tightening too much.

M. Crichton Interview on Global Warming

The Daily Ablution: Seven Answers From ...

Any departure from environmental orthodoxy is marked by ad hominem attack, vigorous spread of false information, claims of criminality and mental derangement, and general nastiness. Apparently this is one area where reasonable people cannot disagree.

It's interesting that any entity as complex, changing and difficult to comprehend as the environment should be guarded by organizations that allow no deviation from a single point of view toward what needs to be done. One might have predicted a rather broad range of environmental viewpoints, promoted by an equally broad range of institutions and activist organizations. There is some variation among organizations, of course. But on the subject of global warming, no deviation. That is to say, I am aware of no environmental organization that does not claim global warming is a major threat that must be dealt with now.

I leave it to your readers to explain that puzzle. Complex subject, simplistic response.

Jobs, News and Views for All of Higher Education - Inside Higher Ed :: Fooling the College Board

Jobs, News and Views for All of Higher Education - Inside Higher Ed :: Fooling the College Board

Prius Outdoes Hummer in Environmental Damage

The Recorder

The Toyota Prius has become the flagship car for those in our society so environmentally conscious that they are willing to spend a premium to show the world how much they care. Unfortunately for them, their ultimate ‘green car’ is the source of some of the worst pollution in North America . . .