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

To: russwinter who wrote (109443)	1/2/2011 12:00:36 AM
From: FreedomForAll	1 Recommendation Respond to of 110194

The local govts are ignoring the "temporary" drop in values. Two years ago the MOntgomery County assessor in Texas raised my home valuation when the market values were down over 25%. I challenged the valuation, and they decreased the increase by a third. The "independent" board that reviewed my request was anything but independent. Nine months ago I sold the house for about 30% less than their valuation. I bet the new owner gets a bill based on old high values, too. The realtors there told me that most of their clients were getting valuations above the price they had just paid (without any improvements being made.)