15 Sep 2025 9:28 am
Lets go back as recently as 2 decades ago 2006/2008 housing Crash
What ended up happening people so deep in over their heads they just quit making the mortgage payments and walked away causing Bank Failures and Stock Market Crash too..
Nowadays those Same homes are Double , Triple, even Quad-druple the "Assement Value" but ya local property taxes and school distict based on Assesment "mil-values"..
Many Old folks after they retire too can no longer afford the property taxes anymore and Sell and move a "Seniors Only" Apartment or trailer park because they made their money lower wages in a different economy and prices stucture than todays Co$ts and Social Sercurity payments dont keep up they got "No Choices"
What ended up happening people so deep in over their heads they just quit making the mortgage payments and walked away causing Bank Failures and Stock Market Crash too..
Nowadays those Same homes are Double , Triple, even Quad-druple the "Assement Value" but ya local property taxes and school distict based on Assesment "mil-values"..
Many Old folks after they retire too can no longer afford the property taxes anymore and Sell and move a "Seniors Only" Apartment or trailer park because they made their money lower wages in a different economy and prices stucture than todays Co$ts and Social Sercurity payments dont keep up they got "No Choices"