On Thu, 10 Jun 2021 21:35:49 -0700, Bob F wrote:

On 6/10/2021 7:21 PM, Ed Pawlowski wrote:
On 6/10/2021 9:24 PM, Dean Hoffman wrote:
On Thursday, June 10, 2021 at 7:56:52 PM UTC-5, wrote:
On Thu, 10 Jun 2021 14:35:33 -0700 (PDT), Dean Hoffman
wrote:

https://www.dailymail.co.uk/news/article-9673329/Homeowners-America-got-2T-richer-months-year.html


As we found out in 2008 there is a difference between home prices and
home value. I would say home prices are up. Whether that is actually
going to translate to value will be seen.

Â*Â*Â*Â*Â*Â*Â*Â* Real estate taxes are going to jump.Â* Insurance rates also.

Tax RATES should go down if the assessment goes up.Â* Insurance for
replacement would go up.

Tell us someplace where that happens.

Exactly. Rates virtually never go down.
What they do here is reduce the effective assessment when there is a
bubble so they don't need to raise the rate if there is a decline in
retail price. We also have SOH for homesteaded properties that caps
increases to 3%