Higher Property Taxes in a Housing Recession

This is not a good formula for Coral Gables’ taxpayers.  We need help from the City of Coral Gables.

Higher property taxes will drive housing prices even lower because buyers will be scared off by this city’s taxes and fees.

“Home sales were eye-wateringly weak in July,” said economist Paul Dales of Capital Economics. “It is becoming abundantly clear that the housing market is undermining the already faltering wider economic recovery. With an increasingly inevitable double-dip in housing prices yet to come, things could get a lot worse.”

via Double-dip in housing prices may be around the corner – Aug. 24, 2010.

About Stephen E. McGaughey
Resident of the City of Coral Gables

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: