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

To: George8 who wrote (49926)	3/10/2006 9:59:53 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

And I thought I had it bad paying $3600 for 2400 square feet! We have an excellent school system too. Guess it's relative. My neighbors are paying almost no real estate tax because they owned the property when the cap on taxes was passed decades ago. The cities around here are raking in the tax dollars from all the new high end homes. I am pretty sure this is the wealthiest county in the state of Michigan. It should be interesting (AKA depressing) to see what happens as the high paying jobs start going overseas and folks can no longer afford the lifestyles they have chosen. Who are all the baby boomers, who bought big homes as a retirement investment, going to sell to when the two generations behind them already have big homes almost as nice (and almost nothing in the bank)? Folks counting on their big home as their primary retirement nest egg are going to get badly burned. At least they are now building the condos that the baby boomers will need in the coming decades.