OT - The Affluent, Too, Couldn't Resist Adjustable Rates
Wes wrote:
I'm never planning on moving. 20+ years and staying. Actually if my
property value went down, my property taxes would eventually have to drop.
That is NOT true. The local taxing authority will just increase the
rates to make up the required "inflated" budget.
People that get overjoyed about increases in the value of their primary
domicile are nuts. It costs them money.
Wes
There I'll agree 100% with you. I've lived in my present house for 21
years and have no intention of moving and the last one 24 years.
...lew...
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