Why is affordable housing and less property tax a bad thing again?
My house dropped 250 kilobucks from its peak in 2020. It is still supposedly valued at triple what I paid for it though.
“Why is affordable housing and less property tax a bad thing again?”
The sticky widget in that line is ‘less property tax’ because that won’t happen. Taxing districts are currently taxing us at the inflated home values to supported their covid inflated budgets. So while actual real estate values decline the bureaucracies will adjust the rates involved so that we continue to pay the current dollars or more.