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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (38960)8/24/2005 8:12:34 PM
From: Think4YourselfRead Replies (1) of 306849
 
"The reason all these cities and local municipalities are broke now, vs. being flush with cash in the 90s, is because workers pay a skewed proportion of taxes in the US what with payroll taxes and state/local income and whatnot."

Not sure what cities you are talking about. The city I live in is flush with cash from all the property taxes, as are all the nearby cities that people want to live in. Infrastructure is being built like mad here. Parks, trails, road improvements, and other public works are appearing everywhere. Detroit, just 20 miles away, is nearly broke but that is because the local government is morally and financially corrupt and no one wants to live there.
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