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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (1270)12/31/2001 11:14:02 AM
From: MSIRead Replies (1) of 306849
 
I have properties in California, and even there with Prop 13 my assessments have STILL doubled in 3 years, with fees, bonds, special districts, etc. I hope there will be a backlash eventually. And on new construction it's getting to the point where gov't fees alone are a major factor, adding $30,000, which is then used simply to grow an already bloated county bureacracy. What does a bloated bureacracy think it's primary mission is? To create more fees!

We need another Prop 13-type referendum in all 50 states. It won't happen with politicians, since they have universally proven they don't answer to the citizens. It will have to be citizens themselves, either carrying torches to the statehouse demanding recall of 90% of elected officious officials, or by referendum. We'll see which happens first.
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