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It seems like 3. is the real problem? If taxes were a function of current home value rather than at purchase home value, you wouldn't be stuck.
by robrenaud 9y ago
It seems like 3. is the real problem? If taxes were a function of current home value rather than at purchase home value, you wouldn't be stuck.
- lisper 9y agoWell, it's all of the above really. But does it really matter? The point is that we'd be better off relative to our goals if prices were stable. So we are a counter-example to the claim that rising prices benefit all home owners. They don't.