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A comment on The $3500 Shirt – A History Lesson in Economics. Parent comment

Re:The $3500 Shirt – A History Lesson in Economics by sliverstorm on Saturday January 24, 2015 @09:03PM (#8941816)
Nah. Unless you take out equity in your house, rising house prices mostly mean higher property taxes.

Now, inflation on the other hand, they now have a vested interest in, as it makes the loan easier to repay.

This all goes out the window if you're buying a new house every 3 years, of course.

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Re:The $3500 Shirt – A History Lesson in Economics by reality_czech on Saturday January 24, 2015 @09:27PM (#8941862)
In California, property taxes are assessed only when the property is sold. So people have an interest in seeing their "investment" become more valuable. Their taxes are the same either way.
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Re:The $3500 Shirt – A History Lesson in Economics by sliverstorm on Sunday January 25, 2015 @12:59AM (#8942184)
What!?
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Re:The $3500 Shirt – A History Lesson in Economics by gburt on Saturday January 24, 2015 @11:01PM (#8941998)
In Canada, property taxes are assessed as a fraction that results in the city budget being met within constraints. Rising house prices for YOU vs. everyone else would result in higher property taxes, but a rising tide lifts all boats. The city budget and the relative worth of your home to your neighbors' determines your fraction.
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