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Property taxes always made me think that you don't actually own it, rather its a different form of rent based on property value. I know its the not the same as renting as you have stored value if you sell, but its difficult to call it "ownership"
I see both arguments for this as valid. I get that you wanna stay and live your entire life in the place you owned forever. The reality is taxes are needed and will increase forever, which are important to keeping your state functioning (as long as the people in charge are doing a good job and actually using the funds wisely). I wonder what state they are from because I know property tax can be wildly different depending upon that. I'm sure they don't want to, but there are like 6 states that currently offer no property tax to seniors over 65 and 10 that offer exemptions based on income and age. At the same time it is good to see them complain because maybe they can try to sway the state to also offer the no property tax benefit to seniors as well. Still if he is hurting that much, then it's probably easier to sell the place and move to another place that will allow him to be better off with less worrying. It's a valid option even if he doesn't agree with it.
his point is that his income should have increased to reflect inflation, since his taxes did. it's actually obscene that half his check goes to property tax on land he's had forever, and people are talking down about him for it.
I was wondering if the US is property taxes were like 33%/year but it said original value, so I'm guessing it was dirt cheap then
when that guy was 25, house prices were probably in the $20k for a good house. If he built it, even cheaper. He's equating two things that don't really have relevance to anything but his memory
he's also not taking advantage of his options for being a senior on fixed income nor did he prepare for his retirement properly if all he has is social security
I get what you're saying.
But the last half of that last sentence reads "poor people are poor because they deserve to be poor".
Do the American thing and chuck it in the harbor until the taxes stop
Interesting use of quotes. I wonder how it was "paid for"
I think he means that he paid for it, but never truly owns it when your forced to pay tax or they take your house away.