A worthy discussion!-----🏡 The Real Problem in Today’s Market Isn’t Interest Rates… It’s Property Tax Uncapping

Everyone’s talking about rates—but here in Michigan (especially Muskegon), that’s not what’s keeping people from moving. - David John Medendorp 
It’s property tax uncapping.

• Homeowners who’ve lived in their homes for years have low taxable values.
•  The moment they sell and buy again, their taxes can jump dramatically—even if they downsize.

So what happens?

• People stay put instead of moving
• Seniors don’t downsize
• Families can’t “move up”
• Inventory stays low
• Prices stay high

This creates a bottleneck across the entire market...