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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (11237)4/3/2004 12:55:21 PM
From: DOUG H  Respond to of 110194
 
""credit bubble induced soaring home prices also means soaring property taxes in many cases""

Not to mention the voracious appetite of city governments for people wallets. Funding redevelopement slush funds and healthy retirements packages for themselves.

The City of Huntington Beach is just now having to refund property taxes raised specifically to pay city pensions back the 90's.