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The Bills were a bargain - Panthers price $2.5B


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2 hours ago, atlbillsfan1975 said:

Charlotte is seen as a city on the rise. Charlotte has been growing for probably the last 20 years at a decent rate year after year. I would be surprised if the value for the team does not include speculation on where the city will be in the next 25 years. Charlotte mirrors Atlanta in many ways. 

 

Is Atlanta worth $2.5 billon?  

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The rapid escalation in bidding has prompted Michael Rubin, the billionaire executive chairman of sports-apparel company Fanatics, to drop out of the process, said the people, who requested anonymity because the matter is private.

 

If it was truly private you would not have leaked it "the people".

3 hours ago, T-Bomb said:

 

I dunno, Panthers are a more legit franchise...

 

Sounds perfect for you.

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1 hour ago, atlbillsfan1975 said:

With the new stadium I bet they are worth more.

The affordable hot dogs knock them down a billion or so. If only I could get to the front of the line to actually buy one....

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5 hours ago, cba fan said:

Just like my area for house sales. Owners scream for years they are over assessed on valuation fair market value by local assessors office resulting in higher then they want in real estate taxes. Then when it goes up for sale they all ask for 40% to 60% over what the local taxing body is assessing it at. 

 

Very small rental Duplex I just looked at wants $120,000 and fair market assessed value by assessors office is $75,000......60% markup!

Assessed value by local governments for tax purposes and appraised value are completely different animals. 

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3 hours ago, K-9 said:

Assessed value by local governments for tax purposes and appraised value are completely different animals. 

yeah I hear yay....but the way it works around here is when that duplex sells for 120,000 it immediately is adjusted and new owner pays taxes based on the new price. $120,000

 

Now you might think it works in reverse also, but not really. It is suppose to though. We no longer have distressed sale exclusions and my purchase was not distressed anyway and was not purchased from a relative or friend.

 

I bought a home that was on the market for two years at 220,000 and was sitting empty for most of those 2 years as owner was a Dr who took job in other state and moved. I bought it for 180,000.

 

You would think the assessed would come down automatically to 180,000. Wrong. The assessor sent out a letter to me that they wished to inspect the property. The two very nice friendly girls/assessors one of which I actually knew that came out told me during inspection they wanted to find out if the home was trashed or not matching the description sg footage lot size etc. etc..... to see why it sold low.

Property was perfect and no discrepancies. After some creative arguing they did lower the taxes from assessed at 220,000 down to number below 200, 000 I can not recall right now but they would not go to 180,000. I did not bother fighting it as every 4 years this area it is changed anyway to match market which had tanked and that was coming up.

 

And I get that homes put on market have a premium attached just like anything. But 40% to 60% seems harsh. Sorry to be long winded it is just an irritant for me. The local assessor is right on top of same and similar sales in the area and they adjust you up every year when market dictates. But with what they call an equalizer applied in this area and a statute that allows all the taxing bodies a guaranteed small increase in revenue regardless of real estate revenue taken by allowing them to then increase their levies our taxes never hardly go down when market tanks and usually still go up.
Crazy system/racket they have .

Edited by cba fan
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7 hours ago, Limeaid said:

 

 

 

 

If it was truly private you would not have leaked it "the people".

 

Sounds perfect for you.

 

What sounds perfect, buying the Panthers?

5 hours ago, BuffaloSol said:

Found the troll. 

 

Come again?  Because I can see why the Panthers would be worth more than the Bills?

 

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