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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (12191)	6/23/2002 4:04:49 PM
From: Lizzie Tudor	Read Replies (2) of 57684

yeah I suspected as such, plus absolute dollars lost in state taxes is really hard to gauge anecdotally... for example I think real estate values are set to decline up here. But at least part of the reason is the large capacity additions that happened in the late 90s, especially to the rental mkt which up until then was incredibly tight. So now, tons of excess capacity in rentals = less incentive to overpay for SV housing + no jobs/stock appreciation = house price decline. But if it happens does it really mean less taxes all around, that I'm less sure of. Somebody had to pay to put all these things up, even if nobody is dwelling in them now. Same for office bldgs. Real estate hasn't fallen yet up here either so I could be wrong too... nah that never happens.. :-/

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