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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (31733)	5/22/2005 3:26:25 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

In many areas with skyrocketing property values and limits on tax increases for owner occupied homes the supply is reduced due to the unwillingless of many to give up their low tax base by moving. Imagine what would happen if interest rates were to go up dramatically. Those with 5% fixed rate mortgage would have an added incentive not to move.

To: Jim McMannis who wrote (31733)	5/22/2005 3:36:38 PM
From: John Chen	Respond to of 306849

Jim McMannis,re:"Property tax". I think it should be paid by the buyer, all at once. You pay the propert based on what you paid, and when you sell, include it in the selling price. On the other hand, this looks like another ATM/money laundering scheme for the government to withdraw money "legally".