[quote=The-Shoveler]I also believe that this was the entire reason for the Fed-Gov tireless reflating of the housing bubble.
THEY HAVE TO.
There is no other way to bail out local municipalities[/quote]
That only makes sense in CA, where the state and municipalities have only limited flexibility to adjust property tax rates. Other states have political pressure to keep property tax rates down, but not the statutory limitations that exist in CA. If the Fed were pushing inflation, the argument would have some merit. They haven’t. And it’s unlikely they ever will.
Beyond that, I don’t think there have been any government fiscal policy where the intent was to re-inflate RE prices, only to stop falling prices. Which govt action do you think has been undertaken with the intent to re-inflate prices?
