My Taxes were about the same but my primary home Tax bill is fairly small so I may be a exception.
I have some vacant land that the property tax could not be deducted (hit SALT limit), but I understand that I will be able to write that off when I sell it.
We are no where near an over supply of housing like we had in 2008 after years of over building.
Note: And no, I am not saying I think we are going into a downturn.
Housing in previous recessions
It’s somewhat counter-intuitive, but recessions don’t necessarily mean bad things for the housing market. In fact, they usually don’t.
ATTOM Data Solutions, a leading real estate data provider,
looked at home prices during the five recessions since 1980 and found that only twice—in 1990 and 2008—did home prices come down during the recession,
and in 1990 it was by less than a percent. During the other three, prices actually went up.
I don’t want to get stuck in endless respond loop here.
I am just saying IMO selling with the intent of waiting several years (or a good length of time) for the next large housing price drop probably won’t work out as well as you may be planning.
