This is very good information. Considering SO50 what is the Cities take on property taxes after Sac county and others( Bloody School bond ) ... figure 20,000 homes - what average value $450K or more... or what ?
I don't know how much of the property taxes go to the city, but there could also be landscape and lighting fees, mello-roos, and development fees.
Housing bubble, identical to the last one, is heating up and impacting the market.
http://money.usnews....-housing-crisis
January 2016, home prices, rising twice rate of inflation, (S&P/Case-Shiller U.S. National Home Price Index.) Fannie Mae and Freddie Mac unveiled programs to allow first-time homebuyers to make a purchase with only 3 percent down. And again, some lenders are using 'alternate' credit scores.
Not again....
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Housing bubble "identical to the last one"?
Maestro, the article you cite as evidence states just the opposite.
Note that it says, "Government regulations have changed the playing field. Harrell isn't concerned about a housing crisis, in part, because the mortgage industry looks different today than it did in 2006. Most notably, the Dodd-Frank Act was passed in the wake of the recession to eliminate much of the risky behavior that led to the proliferation of subprime loans. The bill prohibited the use of negative amortization and certain balloon payments. It all but wiped out the possibility of lenders using so-called low-doc or no-doc loans that didn't require borrowers to substantiate their income. "The regulatory scrutiny is very high," Harrell says.
Many lenders have also voluntarily tightened up their lending standards and are limiting access to mortgages to only those with very good credit. While subprime mortgages could be found 10 years ago for borrowers with credit scores well below 620, the bar has been raised substantially, says Brad Friedlander, co-founder of Angel Oak Capital Advisors in Atlanta, Georgia. "A bad borrower has a credit score in 2016 that is 100 points more than the bad borrower in 2006," Friedlander says. Nowadays, many creditors are looking for mortgage applicants to have credit scores north of 720."
And also, "Reasons to remain optimistic about the housing market. With 10 years between us and the start of the last great housing crisis, many people are feeling optimistic that both lenders and borrowers have reformed their bad behavior. Not only have banks eliminated many risky lending practices, but "most American borrowers tend to be stronger savers now," Friedlander says.
Some people may feel skittish about rising home prices and apparent attempts to open the mortgage market to unconventional borrowers, but many industry experts say there is no reason to believe a repeat of 2006 is about to happen. "House prices have rebounded, and the jobs market looks quite good," Fleming says. "There's not a lot of data indicating another housing crisis."
Buyers and lenders are more conservative these days, so I don't see any major setbacks due to either of those. I think a significant rise in interest rates may slow things down, or some economic disaster, but it won't be due to irresponsible borrowing or lending practices, for now anyway.