I wasn't making a recomedation at all. I was stating a force that that disallows a real estate crash. Do not take me in an improper light on this subject, I think Property tax is downright Communist. In effect we can never own our land at all.
My grandfather paid many times over in property tax what he paid for his farm to begin with. I wasn't trying to say I approve of property tax at all.
I was trying to point out that property tax, as it stands today, will disallow any rapid deflation of value in real estate. If property value was to crash then so would property tax intake. That ain't ever gonna happen. The market may get ahead of itself and it may even correct itself downward when it does, but it won't be a dot com type burst.
Sorry. I read your comments about the property tax the wrong way. :-)