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Why would the land value spiral upwards? At some point the land becomes not worth buying/developing, so there’s still downward pressure on price. Or are you su
by ethanbond 3y ago
Why would the land value spiral upwards? At some point the land becomes not worth buying/developing, so there’s still downward pressure on price.
Or are you suggesting the tax rate will spiral upward infinitely? Again, at some point that just means it’s not worth buying the land unless the productivity possible on it is through the roof as well.
- somethoughts 3y agoHere would be an example: North Texas homeowners getting 'sticker shock' with new property tax appraisals https://www.youtube.com/watch?v=Nu5jAqB88tc https://www.youtube.com/watch?v=Nu5jAqB88tc
- eru 3y agoThat's an increase, but is it a spiral?
- somethoughts 3y agoAgree - for most people its an increase, but for a homeowner on a fixed income it can feel the equivalent to a spiral.
- ethanbond 3y agoThe “spiral” question is because I’m looking for a positive feedback loop. Just an increase (even a substantial one) is way less alarming.