TRUTH BOMB TUESDAY: When Extraordinary Markets Create Extraordinary Tax Bills - Inflated Markets. Inflated Assessments. Inflated Taxes.

Truth Bomb video

https://rumble.com/v7cdv38-truth-bomb-tuesday-7.7.26.html

ILLEGAL IMMIGRATION, HOT HOUSING MARKET, INFLATED NEW HAMPSHIRE PROPERTY TAX ASSESSMENTS

The Dallas Federal Reserve study concludes that the unprecedented surge in unauthorized immigration from 2021 through early 2024 acted like pouring fuel onto an already hot housing market. As more people entered local housing markets, demand intensified while the housing supply failed to keep pace, pushing house prices and rents higher. The authors found that these price increases occurred even though they did not observe a corresponding expansion in housing supply, consistent with a demand-driven increase in real estate values. At the same time, they found little evidence of significant declines in local wages, while labor income per capita fell because the workforce composition shifted toward lower-wage workers. https://justthenews.com/government/security/fed-reserve-working-paper-suggests-biden-illegal-immigrant-wave-drove-home

When a municipality's property assessments rely on market sales occurring during this period of elevated demand, these temporary demand pressures translate into higher assessed values. Therefore, the 2024 Hampton, New Hampshire statistical revaluation reflects market prices that had been bid upward during this unusual period, resulting in higher property tax assessments based on the inflated unrealized gains on single-family homes that did not sell. 

"Hampton gets what it votes for.

ENJOY THE READ!

Politically, as a town and with help of its shadow government (the chamber cabal), Hampton has gone from moderate progressive to completely woke." https://www.lapennaliberta.com/post/freedom-isn-t-woke-it-s-constitutional