>house prices skyrocketed because interest rates were cut to near zero>mortgage rates are now 7+%>house prices still going upHow the fuck does she get away with it? How does her Zestimate™ go up no matter what?
>>62887088Meanwhile my house has remained completely unchanged in price for two years vut my property taxes went up. Fuck america.
>>62887093same but at least in my state we're getting some property tax relief.
Where is housing going up? It's flatlining to slightly declining in most of the country.
>>62887093The solution to this seems obvious. It should be fixed to your original purchase price and never change. They're basically trying to tax unrealized capital on a HOUSE which is insane you can't just cash that out.
>>62887093Why does it matter if you ain't gonna sell?
>>62887688It DOES matter because I am paying more in taxes on it and getting less. When have you ever heard of this jew government assessing your property and saying oh geez sorry boss now you can pay us less shekels now, our bad.... ? Hmmmm?
>>62887088Just import more migrants to manufacture housing demand.
>>62887701Would higher zestimate change your taxes?
>>62887088Guys I think gonna wait a year to buy a house, they just raised the rates again. Do you think prices will go down?
>>62888934nope, house prices are not going down anytime soon in this shitty, corrupt economy.
>>62887088houses are down like 50% since 2023 compared to index funds if you include annual taxes
>>62887093Why are you paying taxes on unrealized assets
>>62887088Thanks to fixed rate mortgages, boomers can easily just hodl and never sell.
>>62887088It feels nice to see numbers go up, but unless you plan on selling its not going to matter. Hell, my assessment went up and I'm now paying an extra thousand dollars a year in taxes compared to when I bought in 2020. The city screwed around with the mill rate to try to keep things sorta flat but some people got hosed. I suppose that's the price I pay for living in the "nice" neighborhood.
>>62887088Zestimates have stalled and fallen in many areasI used to live in sf, then moved downstate to live with a girl, and then moved to reno for tax reasonsWish we didn't buy this stupid house, but she likes to think she's a real estate expert
>>62887167What part of you will own nothing don’t you understand you little twerp>>62889034Yeah man, the house prices are just going to stay the complete same as homeowners are squeezed out of their homes due to their wages not keeping up with the end stage of this fiat cycle and rising taxes/insurance/maintenance/utilities. How many accountants in America? Hope they didn’t recently buy a house expecting secure employment for the next 30 years let alone 2-3. You are a midwit nigger who probably bought a house and is worried, or just a subversive jew
>>62887162Utah. The Mormons are having all the kids.
>>62891020>now paying an extra thousand dollarsSo you are basically renting your home from the government.
We let local homeowners control local zoning, so they do the rational thing and limit new construction so that younger people have to pay them more for their now in short supply house. After a demand shock like the covid and 2021 era mortgages prices stay high. We need state and federal level reform to stop this to solve the housing crisis zoomers and millennials who missed the boat are facing, but until we get that prices only get more absurd in the supply restricted areas.In the places that actually build inflation-adjusted prices do drop back down after demand spikes. Look at Austin.
>>62891837Most younger people are foreigners anyway. Let them pay.
>>62891866Okay boomer. Just don't complain ten years from now when millennials and younger are 51%+ of the vote and we support anyone who promises to raise your property taxes, for any purpose.
>>62891888See >>62888345
My Caliwali condo is back at the price I bought it for in mid 2021
