3 ms·
Those people could use the equity they've amassed in their property to pay the property tax, such as through a reverse mortgage. Although "house poor", don't fo
by mrgriscom 12y ago
Those people could use the equity they've amassed in their property to pay the property tax, such as through a reverse mortgage. Although "house poor", don't forget they are still quite wealthy.
It would make sense for governments to formalize this arrangement and allow deferring of property tax payments until the house is sold.