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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 (38997)8/25/2005 3:14:41 PM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
"One of the reasons for approval of so much new construction and building of infrastructure has been to pump up the tax base."

That's exactly what's happening here. Lots of new construction, and reassessment of taxes on sold houses have massively pumped up the tax base. Detroit is getting shafted because everyone has been able to afford to move out of the city. I suspect that may explain why many of the poorly run cities are running deficits now.



To: John Vosilla who wrote (38997)8/25/2005 11:39:21 PM
From: David JonesRespond to of 306849
 
>>>>One of the reasons for approval of so much new construction and building of infrastructure has been to pump up the tax base.<<<<

What? The increased level of those interested in developing is why there's some much construction. Planning can fast tract but still the process is the process.


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