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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (42541)10/3/2005 5:56:32 PM
From: Live2SailRead Replies (2) of 306849
 
Grace,

I think you bring up a good point in that people don't necessarily understand the tax consequences of their actions wrt real estate, particularly the neophytes. I don't think that they can move back to their old place as they are now 5 instead of 3. However, their property taxes would also go up. In their case, I don't know if would have been a huge difference because they haven't owned their original place for more than six years, I suspect. Good ol' prop. 13 .

Let me also add that I do appreciate your input on the board.

L2S
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