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

To: Live2Sail who wrote (168831)	12/3/2008 8:24:06 PM
From: tejek	Respond to of 306849

Thanks. I went on vacation right after I started that conversation, so I never saw the responses. I, too, have searched for turnover numbers, but have not found them. My evidence is only anecdotal. When I suggest "cashing out" to the neighbors on my block who have been in their houses for a long time, they reply, "Can't. Property taxes would go up too much." Only anecdotal, but it's keeping people from moving, and thus selling, their houses. Its a bit like rent control was in NYC. Certain units or houses never get put on the market and taxes remain unchanged for decades.