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Posted
12 minutes ago, jas007 said:

They say the real estate meltdown is just now getting under way, especially in some of the overpriced areas.  RE taxes are going up, along with homeowner's insurance and maintenance costs.  It all adds up to a bad situation.

 

For some reason, I still get an email copy of a property tax bill for a property I sold almost six years ago.  Taxes up more than 100% in that short time, and I'm sure the insurance is up as well. I wouldn't want that house if you gave it to me.  Too much trouble.  It's no wonder RE buyers are having second thoughts. 

 

Anyway, it should be interesting to see what happens.  I'm pretty sure the powers that be won't let the entire economy collapse.  Too many people have too much to lose. 

Talking to bud of mine last week, Corpus Christi, TX area, and finally got done rehabbing a property, and not a large house.   Reassessed the area, and got his new tax bill, 100% up, from $3500 to $7000 now ... WTF

 

I thought $3900 for one of mine (suburbia Philly), 25+ years ago was high.

 

He's selling, and if stays in USA, thinking about FL now.  Paying $583 a month, to live in a house you already own is nuts.  I live on less a month here:coffee1:

 

Thailand, RE Tax ฿5 or ฿10 a year :cheesy:

Living the Dream

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