Property Tax Fraud

👋🏻 Good morning. And grab a stiff drink. A scheme run by state officials in Texas is artificially inflating home prices. But this might not be just a Texas problem. Homeowners, real estate investors, municipal bonds, and pensions all have exposure to the fraud. If you own property in the United States, this might be one of the most important emails you read this year.

Fin-Trivia of the Week (if you don’t get this one look in the mirror): Which first lady was the first to appear on U.S. currency?

In today’s email:

• The Fraud in Texas (Nationwide?)

• Instability of the Fraud

• How to Protect Yourself