Sorry Nancy but you are completley off base and took my post completely out of context. Here is what I meant. If prices drop precipetiously, I might consider selling my current home (worth $1M but $400K tax basis) to buy a bigger nicer home in the same neighborhood (i.e. for 600 to 700K) when the increase in RE taxes would not be so great. If I moved today to a home that would be worth upgrading to, my RE taxes would triple or quadruple so I wont even consider it. If I could move up and have taxes less than double of what I currently pay, it would give me food for thought.
I would never ever consider moving to Texas…never…..EVER! The only way I will ever leave the community I currently live in would be in a pine box. Can I buy you a 1 way ticket there?
BTW, PS sold for more than just money. She built her dream house but realized that it wasnt her dream home because it was not the community she wanted to live in. That is one of the reasons she is happier now living in a townhouse she rents. Not only is she in a better financial position but she is now surrounded by nice neighbors in a nice community rather than living in a beautiful house on top of a mountain in the meth capital of the US.
