Our local economy is showing more signs of distress. This article in 247wallst.com shows us one area where we are suffering:
Lower rental rates will lead to lower property values. The owners will see to it that their appraised values are lowered and the result will be lower property tax revenue to the city, county, hospital district, community college, and the school districts unless they raise their rates.
A drop of 7.1% in a single year is huge.
We don’t believe that “It’s all good”.
We deserve better