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: Les H who wrote (11212)	6/16/2003 6:36:07 PM
From: patron_anejo_por_favor	Read Replies (1) of 306849

Interesting problem hit home for me this weekend. We received notice from our mortgage bag-holder that our monthly payments were increasing, because escrow has increased due to higher property taxes. This is an unavoidable issue with the Feds running bigger deficits, and the states struggling with decreased shared federal revenues and decreasing state tax income. It certainly reverses a big chunk of the "benefit" of lower interest rates, at least as far as the end-user (home "owner") is concerned. It's a trend that is going to worsen, IMO.

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