Quote:
Originally Posted by ckhthankgod
not to get stuck on this, but the "living within their means" aspect" is why this is sticker shock. Meaning, they got homes at a certain value/economic level that are now being reassessed at many times the value in the recent past. With this said, those meetings addressing the topic/issue are needed in order to let people know what this all means.
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I have to agree with you, on that. I look at my position, where I bought a new home in 1990, as my wife and I were getting married in the summer of that year. We paid "XX" dollars for the house,
at that time. We still live in it, with no plans to sell it.
Looking at "Zillow estimates", or "Redfin estimates", this house is now "valued" at 2.3 times what we paid for it, and our taxes have risen in conjunction with that number, except for our "Old Timers reduction" on the school taxes, which we're now eligible for.
HOWEVER, we're not selling the house, at this time, therefore the increase in perceived value is not being realized by us....yet we're paying for it, through our taxes!! And what's worse, for many people in a similar position, we're retired, therefore we don't get annual pay raises (except for a small raise in SS), even though our COL is constantly rising.....
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