Sunday, July 17, 2005

Devalue my Property, Please!

Homeowners always complain about others lowering the value of their home. Racist uses it to mask their hideous reasons. Anal retentives say it about their messy neighbours. It has become the mantra of all who want things done in their neighbourhoods. It is the most counter-intuitive thing. I own my home and the only effect the changing of the estimated value of my home has on me is the property tax I pay. The more valuable my home is, the more I have to pay. High property value helps only when I am selling. Meanwhile, when my neighbours who are selling make more and more, I just keep losing money. I guess it make people feel good to know that they are a lot richer on paper, but it does not do anybody any good if the market briefly crashes a few years down the road when they are selling. That way, they lose twice, both on high taxes and low selling price. I want my house to value as little as possible right now. Note to my neighbours: please park your old cars on cinder blocks in your front yards over knee deep grass. That keeps money in my pocket.

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