2024 Mustang sales lowest in history of Mustang

[Mspider]

A wealthy person doesn't live in all his assets, he makes money off of them.

A middle class person lives in his one home.

Rising home prices just makes the middle class person that lives in his one home pay a higher property tax.

Your taxes are based off the value of the home when you bought it. Then go up gradually every year. Your current home value shouldn`t reflect the taxes you are paying if you have been there for years.

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[robvas]

Your taxes are based off the value of the home when you bought it. Then go up gradually every year. Your current home value shouldn`t reflect the taxes you are paying if you have been there for years.

Home values have been going up and up the last couple years, way faster than normal appreciation, your county/city will reassess it to get their taxes out of you...

I don`t own a home and never have owned a home before.

Now it makes sense.

 

[Luckydog7]

This thread is amazing, I was just reading my ford Q4 sales summary… and they don’t even mention the ICE mustang….
Just Mach E sales being 2nd best EV sold next to Tesla.. and a bunch of other stuff.
What they care most about is EVs UP 38%

Ford (The F150 company) doesn’t care at all.
Here’s the breakout

Is there anyway of know the breakdown in Mustang sales? Really interested in the Dark Horse model total built?

 

[Mustang1987]

Your taxes are based off the value of the home when you bought it. Then go up gradually every year. Your current home value shouldn`t reflect the taxes you are paying if you have been there for years.

You don't understand.

Your property tax is based off the value of the home. It gets reassessed periodically.

 

[Mspider]

You don't understand.

Your property tax is based off the value of the home. It gets reassessed periodically.

Goes up 2-5% a year I believe.

Again you have to had owned a house of for years to see any possible real asset appreciation. People who hold assets for a long period of time usually win. In another 20-30 years from now you can expect the same thing will be said.

 

[Mustang1987]

Goes up 2-5% a year I believe.

Again you have to had owned a house of for years to see any possible real asset appreciation. People who hold assets for a long period of time usually win. In another 20-30 years from now you can expect the same thing will be said.

No, it goes up based on what the home is worth. It gets reassessed periodically.

Someone who owns one home and lives in, doesn't usually want home prices to rise, because it just means higher property tax and higher insurance. There are exceptions.

 

[Mspider]

No, it goes up based on what the home is worth. It gets reassessed periodically.

Someone who owns one home and lives in, doesn't usually want home prices to rise, because it just means higher property tax and higher insurance. There are exceptions.

Yeah I guess where I live its different.

 

[robvas]

Yeah I guess where I live its different.

didn't you just say you live in Michigan?

 

[LoneRanger57]

I did my part and bought a 2024 Mustang GT PP gas guzzling hot rod and could care less about how many were sold and care even less that the global warming crowd bought more mach e's than ICE Mustangs.

And when confronted by the Prius drivers I tell them I'm not wasting gas I'm just using the gas they saved.

 

[Mspider]

didn't you just say you live in Michigan?

didn't you just say you live in Michigan?

I am not sure what what picture says.

This is how it works in my state:

Years ago, property taxes were based on a home’s assessed value. However, in 1994, Michigan voters approved an amendment to the state constitution, known as Proposal A. Since then, property taxes have been based on a home’s taxable value. While the assessed value can go up significantly in line with the market, taxable value is capped, increasing annually by 5% or the rate of inflation, whichever is lower.

 

[robvas]

5% a year adds up

 

[Mspider]

5% a year adds up

Still in the green though when you factor how much values have went up.

But I agree, its add up. I would prefer just to aggressively invest and try to earn a good salary instead of home appreciation.

I like this logic.

 

[Farmer Fran]

I am not sure what what picture says.

This is how it works in my state:

Years ago, property taxes were based on a home’s assessed value. However, in 1994, Michigan voters approved an amendment to the state constitution, known as Proposal A. Since then, property taxes have been based on a home’s taxable value. While the assessed value can go up significantly in line with the market, taxable value is capped, increasing annually by 5% or the rate of inflation, whichever is lower.

5% a year, holy shit!

 

[Mspider]

5% a year, holy shit!

Or inflation which was low for years. It was around 2% for many years.

 

[roadpilot]

.

This is how it works in my state:

Years ago, property taxes were based on a home’s assessed value. However, in 1994, Michigan voters approved an amendment to the state constitution, known as Proposal A. Since then, property taxes have been based on a home’s taxable value. While the assessed value can go up significantly in line with the market, taxable value is capped, increasing annually by 5% or the rate of inflation, whichever is lower.

I live in MI as well. Our neighbors were PAYING far more in property taxes than I was because they just bought thier houses recently. As you know, the cap is lifted any time a house is sold.

When I sold my last house after living in it for 18 years, property taxes for the new owners damn near DOUBLED compared to what I was paying.

I also sold my house for nearly double what I paid for it. 5% year over year for 18 years was great, considering that include the recession in 2008, COVID, and plenty of other down times.

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