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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: 8bits who wrote (82202)5/27/2007 12:08:28 PM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
'Welcome to California... Prop 13 shifted a substantial portion of real estate taxes (ahem fees..) to new developments.'

Could protecting housing prices by big boost in impact fees raising costs significantly plus constraining new supply along with much lower RE taxes be the future in other bubble states?

If they ever did this in nonbubbily Texas home prices there would go up easily 50% in a year..