3 ms·
If everyone's home value doubles overnight, the costs of schools, fire departments, and other local expenses funded by property taxes don't also double. They m
by JMTQp8lwXL 7y ago
If everyone's home value doubles overnight, the costs of schools, fire departments, and other local expenses funded by property taxes don't also double. They might rise with inflation (as do all goods and services), but not more.
- mertd 7y agoWhere will the teachers and firefighters live if the cost of housing doubles but their pay only grows commensurate to inflation?