It only makes sense that they will do it based on what you purchased it for. It’s one thing if you purchased a home at peak for 30% less and the other homes are still going up, I can see where they would red-flag it. That would be an anomoly. (Congressman comes to mind) But not a secret, MSM and everyone coming out and saying the market sucks, basically. There’s no way they’re not going to say nowadays your lower price is not the real, new, justified price. Getting supporting comps shouldn’t be difficult. For example, from what I’ve been reading, all of Temecula, just about, is taking a dump. No assessor is going to come along and say your place is worth 2006 prices when so many homes are on a downward slide.
For a minute there, I was getting worried, thinking government circumventing again. That would suck to pay 2006 priced taxes for the life of ownership, especially w/some Piggs saying further declines – baby-boomer sales in few years to come, inventory rising, etc.
