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

To: KM who wrote (45890)	12/18/2005 5:43:51 PM
From: Jim McMannis	Respond to of 306849

Yes, insurance is a limiting factor but for those that are "in" in for years especially, the "Save our homes" restricts the amount that property taxes can go up on homesteaded property. Consequently you can have people living in identical houses next door to each other paying vast differences in property taxes. Even, 3-4 times as much. This is similar to californias prop 13 but not quites as broad in scope. These people buying for retirement may not get this lock-in of property taxes. If they expect to see appreciation they better be prepared to pay a lotta property taxes. Also, the paradise they expected will likely be overcrowded, even appear like a foreign country.