Great. Federal laws changed at the end of last year to invite even more overseas capital into domestic real estate.https://twitter.com/BluegrassCap/status/713426057005629440 …
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Replying to @JakeCahan
@JakeCahan@BluegrassCap alternately, it drives up the cost of private real estate so that more people need assistance.1 reply 1 retweet 2 likes -
Replying to @kimmaicutler
@kimmaicutler@BluegrassCap Agreed, that's the typical consequence. Note the increase in property tax revenue.1 reply 0 retweets 0 likes -
Replying to @JakeCahan
@JakeCahan@BluegrassCap that effect is arrested in California where property taxes are capped under Prop 131 reply 1 retweet 1 like -
Replying to @kimmaicutler
@kimmaicutler@BluegrassCap Not in NYC. Won't the property assessment increase to the current market value in CA?pic.twitter.com/oA5UBJ2sMA
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Replying to @JakeCahan
@JakeCahan @BluegrassCap for existing real estate owners, it is capped and can rise by no more than 2% per year.
7:55 AM - 26 Mar 2016
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