Home Prices Continue Free-Fall
By Barry Ritholtz - December 31st, 2008, 9:18AM
Spotlight on Alexandria, VA: 55% of Revenue Comes from Real Estate Taxes, Mayor Forced to Hike Up Property Taxes; How to Fight the Hike – Examine Worksheets or File an Appeal
WSJ’s Sudeep Reddy talks with Tim Hanrahan about October data showing the decline in U.S. home prices is intensifying and how consumer sentiment may change in the coming months.
12/30/2008
Inside Look: Home Price Index Falls 18%
December 31st, 2008 at 1:14 pm
This mayor is cutting his own throat. He is increasing the cost of living in an asset that is declining in value. This will lead to more defaults and less taxes for his city. He’s going to have to be more creative than this.
January 1st, 2009 at 12:58 am
Hey Mr. Mayor. How about cutting city services, medical and retirement benefits?