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Where recent out-of-state homebuyers are based
Monday, June 1, 2009 | 2 a.m.
Although most sales in the local real estate market in 2009 have been short sales or foreclosure properties, movement in the market isn't being propelled solely by bargain-hunting investors. A majority of the homes sold this year are likely to be occupied by the their owners. But for about 40 percent of the homes sold, annual tax bills will be sent to a different address. The map shows how many tax bills for homes bought in 2009 will be sent to each state other than Nevada.
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It would be nice to see these numbers adjusted for populations of the state as well (e.g. 1515/36.75M).
You just have to wonder how many of the tax bills coming out in July will be "returned to sender". Tons and tons of them. The Public employee loafers will be busy tracking down all the banks that owe the taxes. Thousands of homes are in default, and the County won't get a dime for them until the houses are resold for pennies on the dollar. What a mess...