I believe that the housing market, housing interest, and prices have been inflated for increased local property tax revenue stream nationwide. When the price of houses doubled across the US, property tax auditors were visiting and re-evaluating every house they could. My own property taxes went up about 40% in the last 3 years. When the govt overspends, the taxes go up.
Who is controlling these idiots? 33 trillion in debt. We are all in a train heading down he tracks for the bridge that is out and they (politicians) are ALL screaming MORE COAL!!!!! MORE COAL!!!!!
Democrats, Republicans, the whole bunch of them are crooked as hell. Seriously, how do we trust someone (aka the govt) who is in charge of giving themselves raises? Isn't this why we (our ancestors) came to America and fought for our independence? Taxation without representation.
They are increasing taxes on us not on a federal level or state sales tax level so much but hitting us where nobody "really" notices.....and that is in property taxes. Thats how they get the equality they so desire. Values of homes are being inflated and we are being re-evaluated and backdoor fleeced via property taxes. If it goes the other way do you think that our homes will be re-evaluated and our taxes will go down? Me things not.
Everyone pays federal and local sales tax. Thats a level playing field. But, not everyone can afford to buy a house.....see??? It's like the ad-valorem tax in Georgia. Read about that shit some time. If you want to have any kind of toys, that's fine, but they will tax you to death for owning it, the entire time you own it..
Sure, my 401K is higher than ever. You can look at it like that, but back in reality land I am just reaching a break-even point that should have occurred YEARS ago. I have been dollar cost averaging along the way, but I know a lot of people who reduced their 401k's just to keep their nose above the waterline. That was a mistake for sure....
We are on a pivotal moment in US history that will show just how little people care about other people. It's VERY obvious that the govt doesn't care about us. They have run us 33 trillion into debt. lol
You know it's bad when people are charging rent that is higher than monthly mortgage payments. This shows the true nature of the human spirit. I get it, it's a capitalist market but people and the govt will take until there is not more to take from people. No wonder there is such a big push for wealth equality and socialism from the poor. I don't blame them.
I talked to a guy (who has lots of money) yesterday who buys land in different states just so he can get landowner tags from the state. Then he sells those tags at a premium and makes enough money from those landowner tags to pay for the property loan and then some in his pocket. Tell me that isn't screwed up...
My advice, if you own a house, don't sell it and hold tight. This is going to get real.
Things are weird right now and I don't trust ANYONE in the govt to pull us out of this one. We need to shut the govt down, freeze ALL spending, and start over.
This is a terrible time to start out in life. I am glad I was about 10 years ahead of this giant mess and my affairs are in order.
I'm all over the place with this one. I digress.