Is insane. Just insane.
I’m selling a lower-middle class home an hour north of Austin, nothing real fancy. Out of state buyers offering $30k-Over asking price CASH offers is commonplace now.
1. Lower-middle class families are now priced out of the current market.
2. Lower-middle class families that already own a home will have their property taxes skyrocket, edging them more into lower class.
3. Skyrocketing property (“values”) taxes will get passed from Landlords through to Tenants and Renters, driving families to less disposable income or moving to cheaper areas that aren’t experiencing the insanity.
Is this the new norm? Or will it settle out?
I’m selling a lower-middle class home an hour north of Austin, nothing real fancy. Out of state buyers offering $30k-Over asking price CASH offers is commonplace now.
1. Lower-middle class families are now priced out of the current market.
2. Lower-middle class families that already own a home will have their property taxes skyrocket, edging them more into lower class.
3. Skyrocketing property (“values”) taxes will get passed from Landlords through to Tenants and Renters, driving families to less disposable income or moving to cheaper areas that aren’t experiencing the insanity.
Is this the new norm? Or will it settle out?
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