Pumps' Perplexities

The newspapers of the day are full of stories of
large banking corporations and home owners
which are effected by the down turn in the
United States housing market......Everybody
has a tale of woe......

No one is mentioning the fact that the "local
governments" are making a killing on the
market "downturn".....In the past 6 years the
housing assessments, and therefore the taxes,
have increased some 75%.......

So it seems that anyone who was frugal and
survived any monetary loss is now getting "hit"
right in the "chops" with an additional tax
burden........I guess you can not "win for losing",
as they say.....Pumps