3 ms·

They can’t sell the home where it sits and buy a new one elsewhere?

• bb88 1y ago
  Typically it's the land that appreciates, faster if it has a house or other permanent structure, though that does include mobile homes. If the land is rented, the mobile home will often depreciate, much like a used car. Nobody wants to live in a mobile home with 1970's decor. So those owners are likely going to take a bath.
  • estearum 1y ago
    Land Value Tax fixes this
• dingnuts 1y ago
  [dead]