Yesterday, I got a letter from Montgomery County in Ohio that my home has been appraised for an additional $10,000 over last year. Seriously???
From Bush’s speech last night:
I also understand the frustration of responsible Americans who pay their mortgages on time, file their tax returns every April 15th, and are reluctant to pay the cost of excesses on Wall Street.
Do you really? Do you know what it is like to KNOW your house is actually worth $30,000 less than it was last year because of what you can sell it for and knowing deep in your heart that you probably can’t sell it at any price because there are no qualified buyers in the highest foreclosure rate county in Ohio? Yet, the county increases the appraisal value because that is how it makes money. It is a constant, vicious cycle that you probably have never known and never will.
Please quit talking, Mr. President. Please, just quit talking.