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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ChanceIs who wrote (71943)2/12/2007 2:02:55 AM
From: John VosillaRead Replies (4) of 306849
 
'Those being assessed this year will see their property values raised 60% since 2004. That's right, 20% annualized'

Yes all those federal tax cuts in recent years are now being made up in a big way by major increases in local RE taxes it seems with many in 2007 now double what they were five years ago. So Joe6pack takes the hit while corporate America and the very well off benefit.. Even worse the extra money on the local level is being squandered by municipalities on unnecessary public works projects, fraud and corruption. Did Mish figure all this into his deflation model?
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