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Post# of 704041
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brainlessone

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brainlessone

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Re: jdaasoc post# 53240

Sunday, 12/08/2002 5:50:07 PM

Sunday, December 08, 2002 5:50:07 PM

Post# of 704041
I think increased state taxes and especially property taxes are the same as increasing mortgage rates or decreasing home values.

an increase of 3000 dollars a year on property taxes for a property of 500000 is the same as as raising the price by 250 dollars a month on the mortgage payment or about 50,000 dollars of phantom home value. just what happened in the 30's

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