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Charles Hugh Smith on Real Estate and Property Taxes

http://www.oftwominds.com/blogapril12/peak-housing4-12.htmlhttp://www.oftwominds.com/blogapril12/peak-housing4-12.html"Once the belief that housing is the bedrock of middle class wealth fades, so too will the motivation to risk homeownership in an economy that puts a premium on mobility and frequent changes of careers and jobs. We can discern a sea-change in this chart of housing activity: despite trillions of dollars in subsidies, guaranteed mortgages and other types of Federal support, the housing market has not recovered, it has only stopped plummeting: Only one aspect of housing hasn't yet peaked: property taxes. If the risks of homeownership weren't apparent...

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Published By: Hartzman's Inquisition - Thursday, 26 April, 2012