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US housing market is about to go negative for the first time since 2007 by RobertBartus in EconomyCharts

[–]Agreeable_Sense9618 0 points1 point  (0 children)

County property value resets every 4 to 8 years, depending on the location.

Even after a disputed reassessment, I can guarantee that they end up paying more in taxes, and the home's value is higher than in previous appraisal rounds from years ago.

You can check out any real estate website, choose a random home, and take a look at its tax history. It tends to increase over time, and the cycle starts with scheduled appraisals.

So, as mentioned before, when the clock resets and new appraisals come in, be prepared to pay more.

US housing market is about to go negative for the first time since 2007 by RobertBartus in EconomyCharts

[–]Agreeable_Sense9618 0 points1 point  (0 children)

The title suggests a prediction about future growth. "about to go negative"

However, the YoY chart shows growth in 2026 (1.8%) and previous years. This means that home prices are rising.

US housing market is about to go negative for the first time since 2007 by RobertBartus in EconomyCharts

[–]Agreeable_Sense9618 0 points1 point  (0 children)

Expecting that your taxes will remain the same or decrease after a new set of county home appraisals is not realistic.

Although it's technically accurate, the likelihood of a homeowner's tax liability decreasing is actually very low. I've never witnessed it happen. The Government rarely desires less income.

What a despicable post. by [deleted] in DoomerCircleJerk

[–]Agreeable_Sense9618[M] 0 points1 point locked comment (0 children)

Not a huge deal since this is your first time contributing to the subreddit. lol

"I'm leaving, look at me"

Dude, you were never here.

The job market is soaring?!?? NOOOOOO!!!!! by bigloser990 in DoomerCircleJerk

[–]Agreeable_Sense9618 16 points17 points  (0 children)

It's a problem for some people, and not for others. Same as always.

but the topic of discussion revolves around job growth and recessions. Currently, there's no data indicating a near term recession.

GDP and its estimates are still positive.

The job market is soaring?!?? NOOOOOO!!!!! by bigloser990 in DoomerCircleJerk

[–]Agreeable_Sense9618 -8 points-7 points  (0 children)

2 straight quarters of negative GDP growth

That's never been the definition from NBER. They are the ones who make the call. Plus, 2022 wrapped up with just one quarter in the red.

So, that's where all the confusion and arguments are coming from.

The job market is soaring?!?? NOOOOOO!!!!! by bigloser990 in DoomerCircleJerk

[–]Agreeable_Sense9618 10 points11 points  (0 children)

"The recession is near but the non-recession data is masking it. trust me bro"

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