Comments welcome.
Beautiful waterfront properties and lots in big cities will be tempting to seize, so I guess the prices of these properties will go down.
Would you like to pay full price for a beautiful million-dollar waterfront property? I know I would never do that.
From now on, wise people will want to buy properties that nobody wants. Away from the city. Away from the waterfront. Away from nice views.
"This SCOTUS ruling may have just been the pin to pop the bubble of the runaway real estate markets?
Comments welcome"
BINGO!!!! Are you now willing to go spend even more money on a house that is now just as equally in jeopardy as your existing?
At a minimum this can now be used as a local government's strongarm to wrest more tax $$ outta your wallet.
"Pay this new, much higher property tax, or we'll just let Walmart plop one of those supercenters in your vegetable garden"
Ridiculous! This must not be able to stand!
R3