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To: Sr K who wrote (93903)	2/6/2009 4:24:01 PM
From: benwood	3 Recommendations Read Replies (3) \| Respond to of 116555

You can say that again. I was on walkabout near my office and saw a property with an amazing view of the Space Needle and Lake Union. I thought, maybe when the real-estate bottoms out, I, having increased my powder, could upgrade to this excellent location (it was a modest sized house). It was going for $799k I believe, but what ended that little pipe dream was the $7400/year real estate taxes. In another 6-8 years, that will be up to $1k/month, and likely rising faster than inflation. That's a lot of money to pay out for a paid-off house.