4 ms·
If their property taxes increased to the point where they cannot afford it, then that means that their property value increased significantly. Excuse me if I do
by cycrutchfield 5y ago
If their property taxes increased to the point where they cannot afford it, then that means that their property value increased significantly. Excuse me if I don't feel too bad for somebody who just reaped a massive windfall.
The "won't somebody think of granny?" argument doesn't really work when advocating for a policy that disproportionately subsidizes non-grannies.
- selectodude 5y agoThe greatest day of my life will be the day I owe the IRS $1 million dollars.
- nitrogen 5y agoPeople generally buy a house because they want to live in it. The nominal value of the house does nothing to benefit them.
- tpmoney 5y ago“Reaped a massive windfall” if and only if they sell their house. The problem is unless they’re both looking to sell and move into a lower COL area, that doesn’t do them much good. My house today is worth 2x what I paid for it a decade ago. Which is great except for the fact that housing costs around here are closer to 3-4x what they were a decade ago. Even if I wanted to sell, I couldn’t find any livable housing for the same price within the same area.
- rcpt 5y ago> if and only if they sell their house Buy. Borrow. Die.