The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (205397)	5/31/2009 12:37:56 AM
From: Steve_C	Read Replies (3) of 306849

Sure you were. So now let's play this game. Community A and Community B are identical except that community A taxes itself at a higher rate so as to provide higher quality services - some of which attract high income buyers (education comes to mind immediately). Which community has the higher priced homes? Lots of empirical evidence suggest it will the higher taxed community. Nothing theoretically wrong with it either. So how is it that "tax breaks" always raise the price of housing? While it's true that everyone should refrain from making sweeping statements in economic matters, this especially applies to you.

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