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Would be curious to hear why you were modded down. The fact is, cash-strapped states and municipalities are going to see property owners as sheep primed for t
by CamperBob 15y ago
Would be curious to hear why you were modded down. The fact is, cash-strapped states and municipalities are going to see property owners as sheep primed for the shearing over the next several years.
As a homeowner you may be able to avoid paying rent, and you may even be able to avoid paying interest, but good luck avoiding the property-tax increases that are probably coming your way.
- salemh 15y agoYou need sources, as does the down-voted comment. Cash-strapped states does not equal "eminent domain" on random suburbs. Some tax-levels on property taxes are going down or neutral (Utah) while others remain the same (California, both () examples are personal experience) and can't be used as a broad paint-brush stroke. Interest is a tax write off, many states are suing for home-owner protection, the very large fraud lawsuits against mortgage lenders, etc. http://www.google.com/#sclient=psy&hl=en&source=hp&q=attorney+general+mortgage+lender+lawsuit&aq=f&aqi=&aql=&oq=&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=668845393480168f http://www.google.com/#sclient=psy&hl=en&source=hp&#...
- billswift 15y agoProperty tax increases will hit renters just as hard, since they pay them as part of their rent. Maybe even harder, since rents are often calculated as a percentage above fixed costs.