Quote:
Originally Posted by retiredguy123
You only know what the current tax rate is, not what it will be 5 or 10 years later.
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. Yea, for sure, but if the initial rate is costing you $10K a year you might not be able to afford the house. If the initial rate is $2K a year you might say to your self:
"Self, if it doubles in 10 years and everything else remains the same will I still be able afford to live there?" So the INITIAL taxes can easily price one out of buying a specific home. Same as having a paid off bond vs not. Or needing a new roof or not. For many folks it does not matter, but for many it does. Some of us got it and some of us just don't!
