Waiting Skeleton

Actually, if they are selling for more than what the tax assessment is, the governments need to raise their assessment. They are losing valuable tax revenue.

Foreigners shouldn’t be allowed to own land here. But if they do, and are allowed, then they should be paying double or triple the tax rate. Me, as a poor combat veteran, and some rich Chinese businessman who still lives in China, should not be paying the same property tax rate.

Still the government refuses to make laws that prohibit land and property sales to non citizens, or neutralized citizens and sales to foreign governments all while natural born citizens still have to struggle to own property, and acquire property all because immigration and the masses inundated a specific area to raise the value of property. The reason why the tax assessed value is so important is because its a real look at what the property is truly valued. If someone is stupid enough to purchase a home over the taxed assessed value because a seller is in it to make some money on a house the purchased years ago at 1/4 of the cost, than that is on them. When banks loan money at a high interest rates on property that holds a lower tax assessment than the appraisal, they are going to create a environment of more foreclosures. Its just a matter of time before newly built homes become foreclosure properties because they were built as luxury properties nobody could afford. Foreclosures will pop up more and more when people realized they overpaid for their properties especially when they decided to move to a climate they were not adapted to.