SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Live2Sail who wrote (43765)10/28/2005 12:22:11 AM
From: GraceZRead Replies (1) of 306849
 
NAR publishes the numbers on several of the larger states as well as the five regions. You need to dig into the historical spreads and releases to find it. They have the methodology posted on their website if you want to investigate how they come up with that figure, ie. they don't count sales on houses that simply get flipped without occupancy. If you want to check their numbers against another source it is fairly easy to do a rough and dirty using the every decade Census surveys (or yearly estimates), and add in the yearly new construction units for the state figures. You can even back out apartment condo sales if you want to see how often single family homes change hands(although when it comes to condos which are townhouses the line is blurred).

It's fun to go over these numbers yourself. It'll be good experience for you because you'll get a taste of how much the academics cherry pick their data when they are trying to "prove" some point with political implications.

What was interesting about the second two papers you linked to me was that they both acknowledged that a change back to a different more "fair" property tax would place a much larger burden on the elderly and on renters, creating quite a dislocation. You see the whole reason behind Prop 13 in the first place was to protect people from being taxed out of their long time homes. I suppose that they would then suggest that, like other states that change assessments based on some market measurement, that elderly residents be offered some sort of exemption or grandfathering and then protect the renters with rent control. Ha!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News