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>If you have a job that pays $100,000 and the taxes on your $250,000 house is $7,500 (3% property tax) and the tax quadruples to $30,000 in five years; why woul
by magnetix 10y ago
>If you have a job that pays $100,000 and the taxes on your $250,000 house is $7,500 (3% property tax) and the tax quadruples to $30,000 in five years; why would you want the market fluctuations to be able to force an individual to leave their house?
A simple solution (for the elderly at least) would be to roll up all the debt until death, payable by the estate.
- ceejayoz 10y ago> A simple solution (for the elderly at least) would be to roll up all the debt until death, payable by the estate. Simple until the next housing crisis.
- thrownaway2424 10y agoThat's exactly what people did before Prop 13. The idea that granny was getting tossed out on her ear by the tax collector wasn't ever literally true.