Yet Another Housing Victim
Even if you don’t have a “toxic” mortgage or any plans to sell to your home, rising interest rates and the slowdown in housing prices could still pinch your pocketbook. Out this week is a report from BusinessWeek’s sister company Standard & Poors that says states are beginning to see reduced tax revenues because of the housing slump. Less money coming in to state coffers means potentially higher taxes down the road. (Or less money for state services.)
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