I went to Zillow (the real estate web site) to have a look at some Mt. Lebanon statistics. I'm impressed with what you can find on that site. One extremely interesting eye-opener is a metric called "sold for gain" - click HERE to have a look. The chart starts at May 1, 2002, and ends on February 1, 2012 - so far, anyway. People are selling homes in Lebo all right - but the number who are selling for no gain or at a loss has increased dramatically.
Also, I didn't want anyone to miss the 2012-13 Proposed Final Budget. http://www.mtlsd.org/district/budget/stuff/2012.13_proposed_budget_4.16.12.pdf
5 comments:
Elaine,
According to Zillow, the median list price for a Mt. Lebanon home in the last year was $224,900.The median sale price was $196,300 for a discount of 12.7% from your list price.
Sally Adams
How is Jan Klein calculating a 43.7% increase in "other local income" if PK has not yet presented their findings?
David Huston
Maybe she's going after all the "delinquent and liened" taxes. Thats the account where those collections are booked. Or, it could be unpaid overdue library book fines from all the 10 school libraries.
Veblen Good
Other local income will come in the form of a tax increase or a bond issue. Look out!
Constance Spicuous Consumption
Elaine,
Where have you been the last 10 years. Did we not have one of the worst housing slumps in history? That being said, I purchased a home in 2004 and sold that same home in 2010 for a 22% increase. I think you need to stop polarizing everything. I follow your blog regularly because of the level of information, which i do appreciate. But all I ever her are complaints not solutions. Saying that we should do something differently is no a solution.
Sean Sullivan
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