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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (12561)8/17/2003 11:49:41 PM
From: David JonesRead Replies (1) of 306849
 
.....never have a higher water bill than today.....

Your water analogy is as wrong as your perception of Prop 13 which allows for raising property tax 2% per year. There is no freeze of rates.
I feel no shame for saved and worked to hold property; why should I? For your information I'm currently holding property all form 96 on.
The early eighties were recession the later hyper inflation. It was damn tough to hold on to property. Anyone that thinks it was easy is and idiot. The eighties were ugly.

.....game was get in quickly and lock yourself in.....

Not a bit different than today's thinking. It's not the taxes it's the interest rates.
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