The higher real estate prices means higher taxes to many parts of the country:
"People are facing being taxed out of their homes," said Ted Harris, a 69-year-old retiree living on the Nevada side of Lake Tahoe, whose taxes climbed from $2,200 in 1990 to $12,000 last year. "Government simply swallows the money and finds lots of reasons to spend that money."
But,all is not well for those who want higher taxes because:
"People hate property taxes," said John Augenblick, an education expert who works with states on funding issues. "What you're fighting is the majority who don't have kids in the school, who want to lower taxes because they don't have children in school."
You might say that's the unintended consequence of high taxes and government spending.
LasVegasSun
