In response to:

Obama's Foolish, Inexplicable and Predictable Economy

OneForFreedom Wrote: Apr 04, 2013 12:12 PM
I purchased my house in 1993 for $94.5K Refinanced in 1999, appraisal value $129K. After this, made home improvements worth perhaps $20K. Summer of 2012 the price of my house was estimated at $90K. But according to the appraiser, housing values are now increasing. At any rate, I intend to refinance to lock in a low interest rate...
Sorceress Wrote: Apr 04, 2013 8:47 PM
Ouch! One of the only things that California did right was Prop 13 that limited re-evaluation of a house to at the time of sale or when improvements were made. Of course, they eventually lowered the standard down to pretty much any improvement they could find (replace a water heater? Jack up the value). Still it works to protect the elderly and lower income people who live in their houses for many years.
Alex_P Wrote: Apr 04, 2013 5:00 PM
I purchased my house in 1998 for $320k. It was reevaluated for taxes in 2009 for $600k. I fought it down to $480k. I don't think anyone will pay over $300k for it, even in our high home price area (Bergen county, NJ)

And now neighboring towns are borrowing money to pay for expenses fighting people getting that same evaluation reduction.

The best recovery in the history of mankind has once again been put off indefinitely while government economists continue the search and rescue efforts to find the jobs that they created by rosy forecasts, but which seem to be missing from the real world results.

“Private-sector job creation was considerably less than expected in March,” reports CNBC, “indicating that the labor market's improvements could begin stalling. A joint report Wednesday from ADP and Moody's Analytics showed 158,000 new positions, well below economist expectations of 200,000. The report serves as a precursor to Friday's nonfarm payrolls report, so the...