Inflation and the 30-35 year General Obligation Bond

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If you read the graph, you will notice that percentages of inflation through the decades have been in the double and even triple digits other than the years of the Great Depression. For all of you who believe that the general obligation bond, that will extend 30 and 35 years won't affect you because your property values are too low, here are some graphs that might change your mind. With a rise in inflation, there normally is a rise in the cost of housing and a rise in property value. Also, if the bond should pass, it will affect 60% of the residents in this city who are renters. I've never heard of a landlord yet who didn't cover his expenses.

Rates of Inflation:
1970's: 102.91%
1980's: 62.08%
1990's: 32.10%
2000's: 27.93%
4 years in 2010's: 6.79%.

Housing prices were affected during the Economic crash and once again are starting to rise. There are some economists out there who believe, however, that we will experience another housing bubble.

Depending upon how they write that bond, this is just one more thing to consider. Your property may be under valued now, but in another few years or so, who can say.  The charts speak for themselves. Save Our Homes was written into law in order for people not to be taxed out of their homes.