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by jrumbut
1504 days ago
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If they didn't care except when they were selling, that makes the effect of them being more consistent voters on zoning issues hard to explain. I think this idea of wanting your house price to be low to avoid property taxes then suddenly increase the value when it's time to sell is like the idea of having your employer pay a trust so you can collect food stamps 11 months of the year then the trust pays you all your money in December. It might be possible and it wouldn't shock me if a few people do it but it's not the normal approach. |
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No one wants to live next to a dump. That's why it affects property values. Because it also effects living conditions.
Meanwhile, a lot of people never plan to sell their home. Yes, if you plan on moving soon, you care about property values going up. If your horizon is 10 years, 20 years, or your kids selling the place? Less so.