4 ms·
It would be free to do some token new construction or change of ownership though
by prpl 3y ago
It would be free to do some token new construction or change of ownership though
- jeffbee 3y agoYou interpreted my remark backwards. What I meant to say was that refinancing in the past would not have triggered assessment, so the fraction of properties refinanced doesn’t imply properties that are assessed above market value. Owners can always ask for a downward assessment, without a change of control.
- prpl 3y agoAh yeah, I see. I was thinking more about the downward assessments on sold buildings. Below $400/sq ft is pre-2010 prices.