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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (38997)8/25/2005 3:14:41 PM
From: Think4YourselfRead Replies (1) of 306849
 
"One of the reasons for approval of so much new construction and building of infrastructure has been to pump up the tax base."

That's exactly what's happening here. Lots of new construction, and reassessment of taxes on sold houses have massively pumped up the tax base. Detroit is getting shafted because everyone has been able to afford to move out of the city. I suspect that may explain why many of the poorly run cities are running deficits now.
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