--- Victoria Heller <[EMAIL PROTECTED]> wrote: > Property taxes are sky high and slated to double > over the next five > years. > Heating/cooling costs have already doubled. > Insurance, if you can get it, has tripled in cost.
again, is there someone out there who can confirm this. my experience would suggest these are untrue assumptions that may reflect a bubble in the city. Most of my friends and all of my relatives have higher tax bills and heating costs although I keep my house cool and utilize a programmable thermostat. Insurance was one phone call to my agent. > > Interest rates are historically low, but what does > that have to do > with property values? If a house is worth $200,000 > with a 7% > mortgage, why do people think it's worth more with a > 5% mortgage? At 5%, more people have more money to spend on property, bidding the prices up due to many buyers competing for scarce available properties. the Inverse happens if the rate goes to 10%. You cannot sell your property worth $200k there isn't anyone who can afford it. John Harris webber-camden __________________________________ Do you Yahoo!? Yahoo! Finance: Get your refund fast by filing online. http://taxes.yahoo.com/filing.html REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
