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The only equalizer to all these taxes is a recession. I know people have been predicting it will come soon, the election is a good indicator. I believe the recession will be somewhere after the 1st year of the new president. It maybe bad news if someone is buying right now in a heated market.
When it gets here the housing market will start nosediving then it may take years for local govt to adjust the taxes of properties.
We're still crawling out of the last recession which was the worst economic crisis since the Great Depression. My taxes went up every year, despite my house losing 40% of its value.
The economy doesn't matter, nor does the value of your house or what you can afford. All that matters is how much they need to raise to pay their cronies, and our millionaire cops and rich pension geezers.
People were able to scoop up some bargains in 2009, but nobody got a tax break.
The only equalizer to all these taxes is a recession. I know people have been predicting it will come soon, the election is a good indicator. I believe the recession will be somewhere after the 1st year of the new president. It maybe bad news if someone is buying right now in a heated market.
When it gets here the housing market will start nosediving then it may take years for local govt to adjust the taxes of properties.
Well developers and real estate investors see the housing boom going another 10 years.
Said that Oak Beach Inn guy 30 years ago. He was having issues with local gov and therefore (in his mind) Long Island was about to go under. Oh, he had a million ding-dong reasons why he was completely correct.
Similar logic to someone now (30 years later) having issues affording Long Island and contemplating leaving (or having already left) therefore believing (in his or her mind) Long Island is right now emptying out and going under. Facts and logic notwithstanding.
We're still crawling out of the last recession which was the worst economic crisis since the Great Depression. My taxes went up every year, despite my house losing 40% of its value.
The economy doesn't matter, nor does the value of your house or what you can afford. All that matters is how much they need to raise to pay their cronies, and our millionaire cops and rich pension geezers.
People were able to scoop up some bargains in 2009, but nobody got a tax break.
Still waiting for my federal and state tax breaks. Seems like taxes go up here in the US.
Our property taxes might not be as high (yet) but it's all relative. It may seem "affordable" to you coming form an expensive area of the country; but the COL has gone up pretty significantly for those of us who grew up here or have been here for a long time.. It's just something to be mindful of to keep things in perspective.
You lack a basic understanding of why property taxes are so high in NYS and why that won't happen in NC.
COL has risen everywhere and there's always been an excuse - Hurricane Katrina, the War in the mid-east, the recession - and when we hear recovery has happened, prices never go back down. I am paying 2-3x for groceries what I paid when I got married 21 years ago on a per-item basis. That is beyond ridiculous and has nothing to do with where one lives.
twingles... i've already been down to NC to price out houses in Apex, Holly Springs, and Cary. I work in the tech field and will be transferring my job to RTP.
see you soon twingles. can't wait to meet you.
You check your Brook-a-leen 'tude at the state line and you'll do fine. I have a close friend who works for Apex Parks and Rec, and knows more parents who have been banned from the sidelines there than any other town here. They all seem to be from east of 110. They've all also traded one set of issues for another by coming here and buying the biggest McMansion they can find in the most keep-up-with-the-jones neighborhoods...hopefully you did not fall victim to that and it works out for you.
You check your Brook-a-leen 'tude at the state line and you'll do fine. I have a close friend who works for Apex Parks and Rec, and knows more parents who have been banned from the sidelines there than any other town here. They all seem to be from east of 110. They've all also traded one set of issues for another by coming here and buying the biggest McMansion they can find in the most keep-up-with-the-jones neighborhoods...hopefully you did not fall victim to that and it works out for you.
yeah, i'm not that kind of Long Islander. i'm just looking for simple living, more financial freedom, and a more wholesome place to raise my kids where they can still get a good education. i also want them to grow up in a place where they won't struggle so much. where they will have more options available for themselves as they get older. i could care less about having a mcmansion. i'd rather have the extra money to take my family on a nice vacation, or just have more peace of mind financially.
yeah, i'm not that kind of Long Islander. i'm just looking for simple living, more financial freedom, and a more wholesome place to raise my kids where they can still get a good education. i also want them to grow up in a place where they won't struggle so much. where they will have more options available for themselves as they get older. i could care less about having a mcmansion. i'd rather have the extra money to take my family on a nice vacation, or just have more peace of mind financially.
You'll find all those things. Sometimes you'll need a trip back north to remind you how good you have it but good luck with your move and hope you love it here.
You lack a basic understanding of why property taxes are so high in NYS and why that won't happen in NC.
COL has risen everywhere and there's always been an excuse - Hurricane Katrina, the War in the mid-east, the recession - and when we hear recovery has happened, prices never go back down. I am paying 2-3x for groceries what I paid when I got married 21 years ago on a per-item basis. That is beyond ridiculous and has nothing to do with where one lives.
Property taxes are high there because there are more layers of government. There are more layers of government because the idea of "villages" and exclusive school districts is considered the norm and because of high government pensions. Those aren't just "givens" they aren't naturally-occurring in any area. It's a classic example of reification.
There is no reason to believe that similar scenarios couldn't pan out in NC as more people continue to move here from other expensive areas. Will it be in the next decade or two? Probably not. Sounds like things hit the fan quick with regards to taxes in NYS though so you never know.
Ronald Reagan's California was a fiscally conservative, high in-migration state with a low cost of living. That wasn't terribly long ago either and is polar opposite from the way it is now.
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