Perhaps you saw the recent headlines about property values being on the rise in Pasadena in the Pasadena Star News, and wondered what it meant for your prospects of buying or selling your home. If you're like me, newsstand headlines are an important source of Pasadena news. But what is the real story on the headline, "Property values on rise; Pasadena, San Gabriel show big increases"? What the story reports is that the total value of the property in these cities has increased from the perspective of tax assessments. There are two reasons for this: first is the new building projects around Pasadena in the last year such as Archstone Pasadena at the Del Mar Metro station. When developers turn land into high-rise luxury apartments Los Angeles County significantly increases the assesse...
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