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Reply to "Trader Joe's not welcome in black neighborhood"
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[quote=Anonymous]It wouldn't do much in DC -- i think the rule is, if a home is your primary residence, property tax increases are capped (I think it's 10% a year?). I remember reading about people defaulting on Habitat for Humanity homes in Virginia b/c the property values rose sharply (during the boom), & taxes went up correspondingly. HfH homeowners were really in a bind b/c they aren't allowed to sell their homes for several years.[/quote]
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