[Mr. Jeeves]

People just have to keep in mind that all land and property ultimately belongs to the government. “Ownership” of real estate grants the “owner” a somewhat greater degree of control over the property than a renter has, but the “owner” still pays rent in the form of property taxes and the government can take its property back from the “owner” any time it feels like doing so.

[databoss]

I agree - because of the state of the RE and markets you are going to find more and more munis cash strapped and looking hungrily at anything they can get their hands on...Virginia just enacted several novel new RE taxes in '08 http://novabubblefallout.blogspot.com/

take a look at this link to see just how badly RE prices have fallen...and the MSM sez they have only fallen by 6-7% it's more like 60%