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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: mishedlo who wrote (34519)6/28/2005 8:43:24 AM
From: Wyätt GwyönRead Replies (1) of 306849
 
It also affects property taxes but then again refis at lower interest rates helped. In states like CA, it did not affect property taxes at all.

so, you pretend that real inflation in taxes doesn't exist just because of a stupid law in California. but they are simply passing the buck: somebody has to pay for tax increases. so, if it's not RE taxes, then it's income taxes, or bracket creep, or higher debt. these things are inflation by any other name.

following your logic, there is actually more inflation in Texas real estate than in California. my TX house is up maybe 60% in the last decade, whereas my property taxes are up 100%. by contrast, a similar CA property might be up 200-300% while the taxes are up 15%. but, according to you, TX has the higher rate of inflation, even though my state income taxes are still zero in TX, while CA the state is more indebted and the CA house guy is paying more due to the aforementioned factors. but these factors are not "inflation" by your definition.
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