Anon here getting taxed out of home, went looking for a new one cheaper and literally overnight the home prices for a tiny 700 sq foot home costs 400,000 in my city that, just 6 months ago, you could have bought for 50,000. then I see this
https://www.ksat.com/news/local/2020/02/18/saisd-moves-forward-with-plans-to-push-bond-to-help-with-2-billion-dollars-needed-in-school-improvements/
pic related.
Realtor tells me that investment companies from Cali, Ohio, Chicago, NY are all buying up our city as fast as they can. the investors? Japan, China, Korea… they are tearing everything down and building apartments and condos literally almost over night. rezoning etc.
and I really don't know what to do? I can't afford to stay in my home or move anywhere in my own city. Am I the only one noticing this trend ?
this seems like not only a tax payer scam but a money laundering situation via the school system? I don't know but property taxes do not reflect back to income, I see that the majority of the people in our city will be forced to move out of the city and I cannot fathom who can move in at the increased rents, cost of homes and the taxes.
mine doubled in the last 7 years. but others tippled overnight. what is going to happen? is there going to be some relief?