Inflation

[ezdays]

Real estate is not moving all that much here so the prices which skyrocketed in the early 2000's then dropped with the crash around 2006 never really recovered that much and that makes me very happy because I don't plan on moving and the higher prices meant higher property taxes. After the crash they were slow to lower the taxes back down but a bunch of people reminded them that in a county with only 12,000 year round residents we know who you are and where you live! The following year the taxes were lowered and nobody died and they were re-elected!

If you said that here, you'd wind up in jail for harassment . One thing they do in Arizona is if you're 65 or over, don't make over a certain amount, own your home and have lived in it for at least two years, you can apply to have your house assessment value frozen. If you read the fine print on the application, that doesn't mean your taxes won't go up, just that your house value for assessment purposes won't increase for any reason. Things aren't equal when it comes to property taxes anyway. A house worth $500,000 may be taxed $1200, but one down the street worth $300.00 may be taxed twice that. That's where Zillow comes in handy finding these things out but unable to do anything about it.

BTW, notice that as home prices increase, so does rentals forcing some people to get into those bidding wars or risk living on the streets. 

And Wayne, that's good to know about a train layout being a detriment to selling a house. Mine is portable and small enough to move if I need be, but I'm just a bit tired of that. Since 1998, we've moved seven times, no wonder I'm tired.