No Chicken Little, the sky is NOT falling… Home Prices Fall Nationwide, home prices are expected to drop 0.7% and the national media is all riled up. That’s what happens to asset values. They go up, then they go down, then they go up again. Just like stocks. Just like mutual funds. Over the long term any asset will appreciate if it is valuable (and well maintained in the case of a house). Prices don’t
Last week I talked about property taxes in West Hartford making housing unaffordable for some folks. This week it seems that we might want to look at affordable housing in CT in general. The Courant ran an interesting article a few days ago… A Home They Can Buy… Here’s a link to the official HOMEConnecticut site if you’d like to learn more… HOMEConnecticut Personally, when I moved here 3 years ago, I was surprised at
This past Thursday evening I attended the Town Council budget hearing at town hall. The hot topic was the recent property revaluation and new mill rate. It was well attended, I would say over 60 people showed up, even though it was Holy Thursday and Passover. By my observation, the majority of people were long time West Hartford residents, living in the town anywhere from 25-50 years. Several of the residents that spoke were from
Today on CNN Money there is a piece about tax (un)friendly places … Tax Friendly States. The primary result for us Nutmeggers is that we have one of the highest state and local tax burdens in the country at 12.2%. Connecticut ranks 8th in the Bureau of Economic Analysis’ report that ranks State and Local Tax Burden as a percentage of income. Vermont pays the most at 14.1%, while Alaska pays the least at 6.6%.