The problem with Greece was that the property tax was introduced out of the blue leaving a lot of home owners un-prepared. Let's say that in the US you buy a h

The problem with Greece was that the property tax was introduced out of the blue leaving a lot of home owners un-prepared. Let's say that in the US you buy a house, get a loan and your payment is $1000 a month. You make your calculations and think that you are ok for the next 10-20 years. You even have some slack and can afford a payment of $1200 You move into the house and the next day a new law passes and a new tax is introduced that will cost you extra $600 a month for the house you just bought. How would you feel? If the property tax in Greece was introduced in a gradual way complaints would be less.