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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Steve_C who wrote (205140)5/30/2009 2:33:49 AM
From: Skeeter BugRead Replies (1) of 306849
 
>>but to think housing would tank with its repeal is pure fantasy.<<

so you are saying that increasing property taxes dramatically on millions of home owners would lead them to be more likely to afford their home and stay in it?

that's the *real* fantasy here.

please don't tell me that thought process was educated into you by one of these 90% of their highest salary CA teacher pensioners.

increasing the cost of owning a home would lead to less demand for homes, which leads to more supply of homes, which leads to lower home prices.

it isn't complex once the agenda is dropped in reason comes into play.
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