You and others will be alright, but many who bought in the past 2 years will get shafted. Timing is frequently very important in business decisions.
Maybe, but if you don’t plan on selling within the next 3 years it really doesn’t matter. In fact, it might be a good thing if you then get your property reassessed at a lower valuation :)
Yup, I am ****ed.... :( I bought just under 2 years ago for $350. I am trying to sell now at $380 (just enough to cover costs of selling) and my house is now at over 100 days on the market. If I didn’t have to sell, I wouldn’t, but I’m stuck...