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Pastimes : Let's Talk About Our Feelings!!!
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To: Lizzie Tudor who wrote (66470)12/13/1999 1:48:00 PM
From: Ilaine  Read Replies (1) of 108807
 
I guess one consequence of the law is that people don't have to sell their homes because they can't afford the property tax, and they don't want to sell their houses because of the cap. So there are fewer houses on the market, not as much turnover, which probably drives up the prices of the houses that ARE on the market.

Human nature being what it is, probably there are people living in the houses now who did not live in them in 1979, but have some kind of arrangement with the owner to avoid having the property reassessed.

Oh, well, not my problem.
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