was planning on ER (58 yrs yg) this October. Have two houses was hoping to sell primary hs north east area before Oct.
Anyone think this is just like 1991, the last time RE dropped? Will property ever appreciate (like before), continue to drop or stay stagnant for years?
What say you?
As an aside: Past few years we were looking into various properties in Florida to buy. The Fl legislature must be crazy if, as I understand it, your property taxes are fixed and based upon two percent of the sale price.
We thought 100 percent evauluation was bad this is just plane nuts (it it is true). Why would anyone think it is fair to pay twice as much property tax as your neighbor in an identical house just because he bought it five years ago. Why would anyone working person sell his house he perhaps has lived in for ten years to move up to a nicer house and pay five times the taxes.
Move over taxachusetts.
Please enlighten me if I am wrong.
Thank you
Anyone think this is just like 1991, the last time RE dropped? Will property ever appreciate (like before), continue to drop or stay stagnant for years?
What say you?
As an aside: Past few years we were looking into various properties in Florida to buy. The Fl legislature must be crazy if, as I understand it, your property taxes are fixed and based upon two percent of the sale price.
We thought 100 percent evauluation was bad this is just plane nuts (it it is true). Why would anyone think it is fair to pay twice as much property tax as your neighbor in an identical house just because he bought it five years ago. Why would anyone working person sell his house he perhaps has lived in for ten years to move up to a nicer house and pay five times the taxes.
Move over taxachusetts.
Please enlighten me if I am wrong.
Thank you