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Kent, WA
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In United States
Registered Oct 18, 2007

John Bailo's most recent comments:

• On 23 May 2013 in Obama voted the 5th best POTUS ever, John Bailo said:

  Obama at best, may have a claim to being a historical footnote.

  And because of the extent of his scandals, not his ethnicity.

• On 23 May 2013 in House Supply Limited by Americans Lacking Equity to Sell, John Bailo said:

  I don't really get the logic.

  Even if they could sell, they would then buy up a new home, leaving a net gain of zero (0) homes.

  This sounds like F.U.D. to me. What is really going on is banks and "investors" who have the capital are sopping up vacant homes and taking them off the market to drive up the value of their holdings and also keep apartment rents high.

  Well, until they unload it all on us...the little guy...at which point the whole thing will fall to the ground.

• On 22 May 2013 in Report shows smaller cities can save with smarter development, John Bailo said:

  One thing I will say in defense of this though is that I live in a suburban rural area that butts up against a city high tech area. What I notice is all the new people who are supposedly smart buy these $650,000 homes with a one foot grass margin on the edge that sit in clusters on a few acres.

  Meanwhile you have the Locals who have been here from time immemorial who have a six bedroom houses on 10 acres right next door even though their earning ability in a modern economy could be close to poverty level. And the state legislatures have written the laws where they can't get taxed out of their property.

  It seems kind of insane that a hard working middle class person who had to get a degree and years of professional experience to be in this area now struggles to make payments on a high falutin' shoebox, while these other guys have 10 acres, a massive home and no debt while at the same time offering no specific skill or social value.

  Starting from a level real estate field, the new home dwellers would probably expand their homes by several times while the big land owners would end up in garden apartments.

  This is why I favor getting rid of asset and property tax covenants and preventing income taxes entirely.