Quote:
Originally Posted by housejunk
Ever since the recent property assessments have come out, I've heard nothing but positive responses from my friends/co-workers. They're all super pupmed that their condos/houses have gone up by X amount of dollars. I'm the opposite. Who cares? The only people who benefit from high property values are people like my parents, who own numerous properties and paid them off years ago. For young people like me who own a single home, my expensive house looks great on paper, but if I sell it what am I stuck with? I have to find somewhere else to live, which will cost exactly the same or more unless I'm willing to live out in the boonies. It's an artificial wealth. The only thing that comes with high property values are higher taxes. I can't wait for this market to collapse.
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Your right, you only cash in if you move to Black Diamond. But don't hold your breath, this might be the cheapest you ever see. Vs many other centers this is very cheap.