The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Mr. Sunshine who wrote (10933)	6/2/2003 5:52:30 PM
From: Wyätt Gwyön	Read Replies (1) of 306849

They say it is not fair that their property taxes go up just because others decide to move into their area, buy expensive homes, and increase property values, and thus taxes. Why should they have to pay more just because someone else paid a lot for the house down the street? it seems these people have a very self-centered and naive way of looking at the world that is quintessentially Californian. something has very much changed for them! their net worth has risen considerably. if taxes didn't rise to match the market, you'd still have people living in one-story houses in Manhattan, because they'd "always lived there", and why should they be crowded out by the 12 million "newcomers".

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