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First-time U.S. home buyers feeling 'defeated' by high prices
- elmerfud 5y agoI'm actively looking for a house and it's not the prices that bother me the most. Sure they're higher than I see them but they don't necessarily feel so high that it's a bubble economy. The real thing that bothers me is the extremely high property taxes in a lot of areas. When your monthly property tax is 50% or more of your monthly mortgage payment that is ridiculous. There is no dream of home ownership if the tax man just can come steal it out from underneath you.
- deleted 5y ago[deleted]
- rektide 5y agoselling my grampa's/family's beloved 3-season-access (generously putting it, unfixable at any cost) tiny cabin on a lake because of property taxes was one of the saddest things i've ever done. i had the money to buy it off my uncles, wanted to. but property taxes were >10x what they were when i was born, would have been a huge drain. i'm generally kind of pro-taxation? property taxes though are vicious. they seem to just spiral up and up. i can understand how California has lived under 1978 Proposition 13 for so long- barely touching existing property taxes, while screwing over everyone who comes latter. it's cruel & callous to allow such a huge & growing burden to arise while not asking those already established to bear a reasonably fair share.