"Short Wave Sportfishing" wrote in message
...


I still think I have the right solution - but nobody pays attention to
me. :)


Read your post with interest. (no pun intended)

I snipped it just for brevity here.


I think I agree with the plan, after reading your explanation and thinking
about it some more.
One of the arguments against it was that the re-valued properties would also
tend to de-value
the property of those who have been paying consciensously. But ... housing
values are dropping anyway and
*all* had become overvalued.

I noticed another very interesting thing about a month ago. Zillow.com
publishes estimated market values for properties based on recorded data in
the registry of deeds, local market factors and a bunch of other components
that they feed into their calculator.
Their estimated house values peaked several months ago, and has been
dropping ever since. But, what is interesting is that they recalculated
the estimated historical value as well. In other words, the peak value
published a year ago no longer exists in their data base.

Everything was dropped, and by a considerable amount, depending on the
particular house value.

Eisboch