There has been very little discussion in the past 5 or so years on this forum. Nayboobs whine, Someone disagrees with the Nayboobs -- the Nayboobs attack the person who disagrees.
This thread for discussion about the property values. Outside of the city of Schenectady, property values are most rising. Based on the state’s equalization rates, some municipalities might be seeing a 2% drop at most
As the years go on, more and more of the taxpayer’ money is being spent on downtown.
As the years go on, the property values in the city are falling
As property values fall, it causes a reduction in the city’s tax base.
As the tax base falls, the tax bills rise.
As the tax bills rise, homeowners have less money to spend—less money to spend going out to eat downtown, less money to spend to go see a show at Proctors, less money to spend such as to buy a new car, less money to spend on material desires, less money to spend on necessities, less money to spend on home renovation/updates, less money to spend on necessary home repairs.
When homeowners have less money to spend on home repairs, it is a negative for their neighbors who then experience a drop in their own property values (in addition to the other reasons mentioned above that property values fall).
Is it a good thing or a bad thing that property values are falling? Why?
Does anyone disagree that property values are falling? And why do you disagree-- what information can you cite to indicate why you disagree?
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