March 12, 2006

ABC News: Buyers, Sellers in Housing Standoff


Good video replay - here's some quotes:

"Sales have slowed down, but owners are unwilling to drop asking prices"

"Prices have not dropped... Yet."

"Every condo launch was reason for a party"

"Suddenly, the party is over"

And one hilarious immigrant speculator - "The prices are not going down"

Yeah, right.

4 comments:

Smart Grid blogger said...

SHOCK in home property tax ASSESSMENT HIKE !!!

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Appealing a high property tax assessment carries no guarantee of success. But if you think you have a case, be sure to follow the rules.

Posted by the Asbury Park Press on 03/12/06
BY JOSEPH PICARD
STAFF WRITER
Thinking about appealing your property tax assessment? First, experts and tax officers say, study or consult on the rules, think it through again, then decide what to do.

Mike and Betty Palermo of Webb Avenue in the Ocean Grove section of Neptune considered appealing their assessment early in 2004. Neptune had just gone through its first revaluation in 14 years, and the Palermos' residence skyrocketed in taxable value from $135,800 to $448,000, or 330 percent, with their property taxes soaring accordingly.

more: http://www.app.com/apps/pbcs.dll/article?AID=/20060312/NEWS/603120326

Smart Grid blogger said...

SHOCK in home property tax ASSESSMENT HIKE !!!

happenning in EAST COAST NEW JERSEY !!!

Anonymous said...

Saw that ABC news blip and loved the way the guy emphasized the word "Yet". Now that was a red flag for any bozo who wants to sell their home and thinks they've got a lot of time left.

lisoosh said...

bpl-200-mbps

Serves them right. Want to feel rich with the expensive beach house? Pay rich people taxes.