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Old 05-11-2020, 01:36 PM
 
4,944 posts, read 3,049,488 times
Reputation: 6740

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Quote:
Originally Posted by nikitakolata View Post
Well, my property taxes went up by over $1000. That's on the north side of Elmhurst. And, unfortunately, our referendum hasn't even gone into effect yet. So, I know they'll go up another $1000 next year.

I'm all for nice school building. We just better be able to actually use them instead of e-learning next year. I'm so over this whole covid thing... what hospitals are overwhelmed, again?

Ouch, I do miss residing on north Maple; but not that much.
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Old 05-11-2020, 03:24 PM
 
Location: Lake Havasu City, Arizona
139 posts, read 76,582 times
Reputation: 235
Quote:
Originally Posted by Hiruko View Post
......... "companies are starting to move out of Illinois" (baseless), etc.
"Baseless", you say? You're not very good at this, are you? More of your complete nonsense. This took less than 2 minutes to find. Use Google before making a complete ass of yourself. People are not making this stuff up. Unlike you.

https://www.illinoispolicy.org/movin...utbound-moves/

"The study, which tracks customers’ migration patterns, ranked Illinois’ percentage of outbound moves second-highest in the nation, just below New Jersey. United Van Lines found that the bulk of those leaving Illinois – nearly 46 percent – cited job opportunities as the reason for their move. Over 67 percent of outbound Illinoisans reported incomes of at least $100,000, according to the report.

So.... All these affluent people you so love to brag about, don't share your opinion of how wonderful it is. My, how shocking. Even you should know you can only polish a turd just so much. Here's some more for you to teeth on. If you still need more, just let me know. Believe me there's plenty.

https://www.usnews.com/news/best-sta...ut-of-illinois

"Budget woes and political chaos have businesses and workers fleeing Illinois."

"Those who have fled the state, taking their businesses and workers with them, are not looking back."

https://www.chicagobusiness.com/news...ar-state-leave
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Old 05-12-2020, 06:24 PM
 
Location: In a city within a state where politicians come to get their PHDs in Corruption
2,907 posts, read 2,068,439 times
Reputation: 4478
Quote:
Originally Posted by bill460 View Post
I can walk anywhere in Lake Havasu at any hour, day or night and be perfectly safe. Take a stroll down Austin Blvd. at 2:00 AM, and see how long you last. Lake Havasu has MANY homes well into 7 digits. And they're building more every month. And they're selling as fast as they can build them. The population here has more than DOUBLED in just the last 30 years. Many people here have more invested in their boats, than Oak Park citizens do in their houses.

And homes here not located on a lots so narrow, you have to damn near walk sideways between them.... And struggle to park your car in some tiny garage, while driving down a narrow, garbage can filled alley, that gets plowed in every time it snows.

And you keep dismissing the most important factor of all.... People are LEAVING Oak Park. People are MOVING here. Our population is GROWING, while Oak Park's population is SHRINKING. That's not because it's so wonderful there, and so bad here. You don't have a single clue as to what you're even talking about. Quit while you're behind.
It's wonderful for an old guy like you. Lake Havasu High School has a rating of 4/10 on great schools. There are more than few schools around Chicago that are 10/10. So, if I'm a parent, and I value education above most things, I would probably want to send my kid to private school then. So that nice low property tax bill now's actually much higher because I'm paying few k on private school tuition I wouldn't have to here.
What if my child has some serious health issues? World class hospitals all within 30 minutes of me. What if the mood struck me and I wanted to fly to Vienna? Or Sao Paulo? 30 minutes to O'Hare. And so on, and so on.

See, I've looked into moving to lower cost locales many times with much lower taxes, and I always end up reaching the same conclusion; I'm going to pay for it either through taxes or on my own for things I care about. Therefore I might as well do it in a place I can do pretty much anything when the mood strikes me with my family and friends all around me.
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Old 05-12-2020, 06:42 PM
 
Location: Lake Havasu City, Arizona
139 posts, read 76,582 times
Reputation: 235
Your kid is only going to be in High School for 4 years. You're going to pay ridiculous property taxes for as long as you live there. Once again, do the math. And how often do you fly to Austria?
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Old 05-12-2020, 06:52 PM
 
Location: In a city within a state where politicians come to get their PHDs in Corruption
2,907 posts, read 2,068,439 times
Reputation: 4478
Quote:
Originally Posted by bill460 View Post
Your kid is only going to be in High School for 4 years. You're going to pay ridiculous property taxes for as long as you live there. Once again, do the math. And how often do you fly to Austria?
It's not just high schools. From elementary on. I've flown to Vienna three times, but that's not the point. I have the option to do so if I so desire. I travel for work and take few extended vacations per year. Having options to go just about anywhere appeals to someone like myself who loves to travel.

But, you're right in one sense. If one no longer has kids in public schools, the value proposition isn't there anymore since roughly 75% of our property taxes go towards schools. At that point, I'll re-evaluate.
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Old 05-13-2020, 03:24 AM
 
Location: Lake Havasu City, Arizona
139 posts, read 76,582 times
Reputation: 235
Quote:
Originally Posted by tolovefromANFIELD View Post
It's not just high schools. From elementary on. I've flown to Vienna three times, but that's not the point. I have the option to do so if I so desire. I travel for work and take few extended vacations per year. Having options to go just about anywhere appeals to someone like myself who loves to travel.

But, you're right in one sense. If one no longer has kids in public schools, the value proposition isn't there anymore since roughly 75% of our property taxes go towards schools. At that point, I'll re-evaluate.
All I'm saying is this whole argument about paying ridiculously high property taxes for "good" public schools, along with everything else, is not an economically viable excuse... And it never has been. As you said, 75% or more of your property taxes go to support the public school district. Even if you use it to the fullest, it's just not worth it. Simply because you're going to end up paying far more over the long haul, than what a Charter School, or some other private education institution would charge you for the same thing.

Using myself as an example. The home we sold when we left Illinois now has a yearly property tax bill of over $13K a year. So if someone purchased that house based on the education quality of the public school system there, they would pay out a bare minimum of $156,000.00 in taxes over a 12 year period, (1st through 12th grade). It would actually be substantially more than that, because the taxes are going to continue to rise during that same 12 year period. Just as they have in the past. So $200,000.00+ would be a far more accurate assessment. That's a hell of a price to pay to get a kid through the 12th grade. Again, you can acquire a private education for far less. Even if you toss 2 kids into the mix, it still comes a long way from balancing out.

And let's examine, "everything else". Everyone has roads, libraries, police, fire, sewers, running water, parks with grass and swing sets, etc. So that all balances out. And as far as restaurants serving, "magnificent cuisine", going to, "jazz festivals", etc., you don't need to pay 5 digits a year in taxes to get good surf & turf, and listen to a band with your babe and a beer under the stars.

The same can be said about airports. Do you really think it's a viable trade off to pay thousands of dollars a year more, just to be a half hour from one? You could take a limo back and forth from Rockford cheaper. Bensenville, Bellwood, and Schiller Park are right next to O'Hare. What's their average tax bill? Hospitals are no different. Most are private. Out here we have homes within 3 miles of the Mayo Clinic and the Arizona Heart Institute, that have property tax bills well under $3K a year. Some half that. So again the numbers just don't add up. Restaurants, hospitals, shopping malls, are all private institutions that gain nothing from houses 3 miles away paying 5 digit a year taxes. Actually, they are losing because they're all getting clobbered with idiotic tax bills as well.

I get the point you're trying to make. I hear it all the time. Hell, I lived it for 38 years of my life. And all I'm saying is I can totally understand someone wanting these things. But there is no way you can equate them to be viable from a monetary stand point, by paying outlandish property taxes. Just based on the fact most anything the government runs, is well proven to be a financial disaster in itself. I'll give you the U.S. Postal Service vs. UPS and Fed Ex as an example. I won't even get into socialized medicine, and all the rest.
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Old 05-13-2020, 05:46 AM
 
148 posts, read 122,005 times
Reputation: 399
Quote:
Originally Posted by bill460 View Post
All I'm saying is this whole argument about paying ridiculously high property taxes for "good" public schools, along with everything else, is not an economically viable excuse... And it never has been. As you said, 75% or more of your property taxes go to support the public school district. Even if you use it to the fullest, it's just not worth it. Simply because you're going to end up paying far more over the long haul, than what a Charter School, or some other private education institution would charge you for the same thing.

Using myself as an example. The home we sold when we left Illinois now has a yearly property tax bill of over $13K a year. So if someone purchased that house based on the education quality of the public school system there, they would pay out a bare minimum of $156,000.00 in taxes over a 12 year period, (1st through 12th grade). It would actually be substantially more than that, because the taxes are going to continue to rise during that same 12 year period. Just as they have in the past. So $200,000.00+ would be a far more accurate assessment. That's a hell of a price to pay to get a kid through the 12th grade. Again, you can acquire a private education for far less. Even if you toss 2 kids into the mix, it still comes a long way from balancing out.

And let's examine, "everything else". Everyone has roads, libraries, police, fire, sewers, running water, parks with grass and swing sets, etc. So that all balances out. And as far as restaurants serving, "magnificent cuisine", going to, "jazz festivals", etc., you don't need to pay 5 digits a year in taxes to get good surf & turf, and listen to a band with your babe and a beer under the stars.

The same can be said about airports. Do you really think it's a viable trade off to pay thousands of dollars a year more, just to be a half hour from one? You could take a limo back and forth from Rockford cheaper. Bensenville, Bellwood, and Schiller Park are right next to O'Hare. What's their average tax bill? Hospitals are no different. Most are private. Out here we have homes within 3 miles of the Mayo Clinic and the Arizona Heart Institute, that have property tax bills well under $3K a year. Some half that. So again the numbers just don't add up. Restaurants, hospitals, shopping malls, are all private institutions that gain nothing from houses 3 miles away paying 5 digit a year taxes. Actually, they are losing because they're all getting clobbered with idiotic tax bills as well.

I get the point you're trying to make. I hear it all the time. Hell, I lived it for 38 years of my life. And all I'm saying is I can totally understand someone wanting these things. But there is no way you can equate them to be viable from a monetary stand point, by paying outlandish property taxes. Just based on the fact most anything the government runs, is well proven to be a financial disaster in itself. I'll give you the U.S. Postal Service vs. UPS and Fed Ex as an example. I won't even get into socialized medicine, and all the rest.
Post Covid-19 there is going to be serious long term pain for those in America who are financially stupid. You already are starting to see it with businesses failing. Next up is the personal level.
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Old 05-13-2020, 06:24 AM
 
Location: Lake Havasu City, Arizona
139 posts, read 76,582 times
Reputation: 235
Quote:
Originally Posted by MovingForward59 View Post
Post Covid-19 there is going to be serious long term pain for those in America who are financially stupid. You already are starting to see it with businesses failing. Next up is the personal level.
Agree 100%. There are far too many people out there, who have been hanging by a financial thread for far too long. And I don't care how "educated" they are, or how much they earn. This will bring everything crashing down around them. I read that many Americans are just 1 paycheck away from being homeless. This will finish them off.

"Research from the Federal Reserve found that 4 in 10 Americans couldn’t afford a $400 emergency, and 22% say they expect to forgo payments on some of their bills."

https://www.marketwatch.com/story/ha...ter-2019-05-16

Last edited by bill460; 05-13-2020 at 06:40 AM..
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Old 05-13-2020, 07:37 AM
 
148 posts, read 122,005 times
Reputation: 399
Quote:
Originally Posted by bill460 View Post
Agree 100%. There are far too many people out there, who have been hanging by a financial thread for far too long. And I don't care how "educated" they are, or how much they earn. This will bring everything crashing down around them. I read that many Americans are just 1 paycheck away from being homeless. This will finish them off.

"Research from the Federal Reserve found that 4 in 10 Americans couldn’t afford a $400 emergency, and 22% say they expect to forgo payments on some of their bills."

https://www.marketwatch.com/story/ha...ter-2019-05-16
The bigger issue is we have created a culture that shuns saving $$$ and instead values having the nicest phone, car or whatever silly status symbol is cool at the time. Spend everything and save nothing is our cultural ideal right now and the consequence of it won’t be pretty.
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Old 05-13-2020, 07:43 AM
 
Location: Sioux Falls, SD area
4,860 posts, read 6,924,201 times
Reputation: 10175
Quote:
Originally Posted by MovingForward59 View Post
The bigger issue is we have created a culture that shuns saving $$$ and instead values having the nicest phone, car or whatever silly status symbol is cool at the time. Spend everything and save nothing is our cultural ideal right now and the consequence of it won’t be pretty.
Agreed. I watched a lineup of cars on TV as they waited to pick up a free box of food. I didn't see a single automobile over 5 years old
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