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


To: regli who wrote (29260)3/23/2005 8:05:12 PM
From: LLCF  Respond to of 110194
 
I remember there used to be a list of muni-insurance companies bandied about.

DAK



To: regli who wrote (29260)3/23/2005 10:25:18 PM
From: benwood  Respond to of 110194
 
In Seattle, the tax load stays the same on average (plus the 2% per year they can raise it, plus anything voters approve); the rates per $1000 go up or down inversely with the overall county-wide valuation base. My house valuation has gone up 100% in the past 14 years, yet my property tax has "only" gone up 35% -- some just the legal limit and some of it voted in like school bonds.

Any municipality that has jacked up the monies they've collected across the board based on the bubble deserved to get buggered.



To: regli who wrote (29260)3/24/2005 1:22:58 AM
From: ild  Read Replies (2) | Respond to of 110194
 
<<<I expect municipal and state governments to be hit extremely hard by a deflating RE bubble.>>>

There will also be much lower sales taxes collected as big ticket purchases (cars, furniture etc) disappear.