5 ms·
Texas limits the increases to 10% per year. And it goes up by the full 10% every year. 10% every year for just 5 years is a 61% increase. Compound interest h
by commandlinefan 5y ago
Texas limits the increases to 10% per year. And it goes up by the full 10% every year. 10% every year for just 5 years is a 61% increase. Compound interest hurts taxpayers the same way it helps investors.
- davidw 5y ago10% is a lot healthier than Oregon's 3%.
- loco5niner 5y agoYikes! You're wanting to raise my monthly payment by $170 per month after 5 years. I saved for years to buy a house so I would have a stable platform for raising a family, not to get rich. It sounds like you're just wanting to punish people who saved their money and put it in a wise investment, when actually, that's what everyone should be doing.
- davidw 5y agoA stable investment is not something going up 25% a year. Taxes are 'skin in the game' for homeowners in terms of being part of a society that isn't making it impossible for many people to ever own a home.
- deleted 5y ago[deleted]