On Sun, 23 Mar 2008 13:29:30 -0500, with neither quill nor qualm,
Ignoramus14119 quickly quoth:

On 2008-03-23, Larry Jaques novalidaddress@di wrote:
On Sun, 23 Mar 2008 08:56:20 -0600, with neither quill nor qualm, Lew
Hartswick quickly quoth:

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.

Right, but it's the millions of people that move every 4 years or so
who like the increased value.


Do you mean they like increased prices of homes that they sell, or
prices of homes that they buy?

Both. They invariably upgrade each time (see "Keeping up with the
Joneses" in Chapter 2) so they don't notice that the new houses are
also overpriced.

--
Try not to become a man of success but rather to become a man of value.
-- Albert Einstein