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

To: ChanceIs who wrote (71943)2/12/2007 2:02:55 AM
From: John VosillaRead Replies (4) | Respond to of 306849
 
'Those being assessed this year will see their property values raised 60% since 2004. That's right, 20% annualized'

Yes all those federal tax cuts in recent years are now being made up in a big way by major increases in local RE taxes it seems with many in 2007 now double what they were five years ago. So Joe6pack takes the hit while corporate America and the very well off benefit.. Even worse the extra money on the local level is being squandered by municipalities on unnecessary public works projects, fraud and corruption. Did Mish figure all this into his deflation model?



To: ChanceIs who wrote (71943)2/12/2007 10:47:49 AM
From: BonefishRespond to of 306849
 
ref:'How much higher can home prices go when taxes are up this much??? If you are a fixed income, then things could become very dicey. One might suppose that after a while the taxes will become a limiting factor in real estate ownership.'

welcome to florida. add in insurance too. only idiots and realtors would think housing prices can recover.


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