MikeATX
MikeATX
MikeATX

It’s not a good thing unless you plan to sell and move or take on more debt with a home equity loan.

You’ve never spent time in Waco, have you?

It’s only a good thing if you can sell and move. It still drives up the cost of living.

I agree with you, but people are unaware because property taxes are paid on a regular basis (yearly, quarterly, monthly) so the effects of raised value are seen that way and as an expense. The added value isn’t seen until the house is sold, which is a far-less-frequent event.

Before they had to change their name to Green Jelly.

Remember when a home was seen as a place to live and raise a family and not a financial investment? Good times.

Just because someone’s property value has increased doesn’t mean their wages have increased. A person who bought a home at $100,000 that’s now worth $200,000 might be sitting on a nice chunk of equity, but now because of property taxes might not be able to keep the place, so it’s either move or be “house poor.”

Increasing property values are only good if you see your house as an asset you want to liquidate.

Green Jell(o/y)!

As my mom often tells me, while it’s great that the value of your house in increasing, most people aren’t looking to buy and sell their house every year. They’d most likely rather pay lower property taxes in exchange for a slightly lower property value.

Yeah, but you only realize that increase in value if you sell the house. Until then, it’s just a bigger bill.

What is it with vehicles in Waco driving through walls?

BUT IS THE SHIPLAP OK!?!??!?!?!

1990 Nissan: Best looking Japanese cars.

Your observations are lost on many.

So we just need yet another rule breaker to finally get the Z that’s up to it’s legacy?

And the Z32 still looks good.