Replies to post #113955 on ajtj99's Market Pulse

[rich ruscio]

Oh, that reminds me of one other thing on this topic: Taxes.

Part of the reason why house prices are stable here is because property taxes go up constantly - either rate increases or assessment increases.

Local officials are quoted as needing / wanting to "participate" in the great increases in home prices their wonderful services have caused. Hey, now I've got a partner !

Anyhow, if my tax bill went to mortgage payments, my house would be "worth" about 40% more. There's my appreciation.

I really need to move out of NYS, but, life requires me here.

rr