Monday, August 07, 2006

Rising property values=higher property taxes? You don't say!

Here's another one of those housing-bubble-is-bursting-but-we-don't-really-want-to-say-so articles. It's also something that makes you say "duh" when you read it -- as if it's a shock that people's property taxes are rising faster than their incomes. It's been happening for several years now, as millions of people around the country know first-hand -- but it's not news to my profession unless some government agency spits out a bunch of statistics to support the anecdotal evidence. Hooray to the New York Times for performing "a review of statistics." It would have been better if it had reviewed the day-to-day reality of people's lives a couple of years ago. Oops, I repeat myself.

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