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

To: John Vosilla who wrote (31736)	5/22/2005 3:31:08 PM
From: Jim McMannis	Respond to of 306849

RE:"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" This is what I've been saying here for years. Exactly what we have brewing in Florida. What we have in California. I'm generally in favor of tax cuts but when when it comes to Real Estate it ends up counter-productive and bubblicious. Then again, if your house is going up in value you sit around like the cat that ate the canary.