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Reply #14: A loss of faith in the "market" is driving it further downward [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

SoCalDem

(1000+ posts) Send PM | Profile | Ignore

Tue Aug-24-10 11:39 AM
Response to Reply #1

14. A loss of faith in the "market" is driving it further downward

Young people are mostly afraid to buy for fear of losing their job
Middle aged people are staying put in houses they no longer "love" because they cannot afford to move

Unfortunately, empty houses do not pay taxes.. and if taxes are based on the value of a home when it is finally sold, there will be less money than ever coming in, so the people still in houses get stuck with rising taxes to pay for what's needed..

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