@SouthFloridaMom9 – CT property taxes are low, at least when compared to Westchester and Long Island, in NY, and the NYC commuter towns of New Jersey. Westchester property taxes would be twice CT’s. People in other parts of the country would find them high.
And, yes, CT income taxes are high, but so are NY"s, so I don’t know if we can attribute the softening only to high taxes.
^^that’s what I was thinking @CT1417, but then I heard some guy on the radio griping about it.
Here’s proper craziness: Alaska’s a countercyclical economy, and so we’re teetering on the edge of recession right now, but (aside from the extreme upper end of the market, which is running flat to slightly lower) prices continue to climb much faster than inflation.
There’s no logic in it, except to provide me with extra meaningless home equity for determining how much I can “afford” for my daughters’ college, for schools that take that into account. >:P
@dfbdfb
“extra meaningless home equity for determining how much I can “afford” for my daughters’ college”
OK, that would be annoying. And risky, if forced to borrow against.
My impression is that location is more important than ever. Millennials, at least some, are less willing to commute to work. driving up the cost of housing in cities, such as San Francois, Seattle and so so. Here in the Midwest, my close in neighborhood has substantial appreciation. Farther out, less so. When I was looking, my real estate agent said he had many young buyers specify that they only wanted one popular neighborhood, mine. My kids are very picky about where they live, and would not trot off to an unpopular new city just for a job. Unfortunately, most areas that appeal to them are expensive.