[quote=lonestar2000]Buy when the price is low and interest is high.
Then refinance into a low interest rate, and you have the best of both worlds (low principal AND interest) and lower property taxes! :)[/quote]
This is my plan too, but someone correct me if I’m wrong:
1) It could be many, many years before the interest rate is back to the 6’s and he can refinance. Meanwhile you’re paying that high interest (interest deduction helps, but not that much).
2) Can’t property value be reassessed and taxes reduced based on that? When or how often can this be done?
