Talk of The Villages Florida - View Single Post - Insurance and Taxes Now Cost More Than Mortgages for Many Homeowners
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Old 12-24-2024, 11:56 AM
Blueblaze Blueblaze is offline
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I wish I could say that's not normal. But my folks paid insurance and taxes for 50 years on their dream home they built in 1967 for under $20K, with a $100/mo mortgage. When Dad died, we bulldozed the house and sold the LAND for $450K. They'd been paying five times their mortgage for that house, 20 years past the end of that mortgage. If we're lucky, that $450K might cover Mom's assisted living apartment for the next five. And only because the gooberment can no longer steal their monthly ransom from her on a house she paid $20K for.

There is no more evil, corrupt, and regressive tax than property tax. It's the only tax that taxes you -- over and over -- on money you haven't even yet received. And it's decided entirely by some un-elected bureaucrat, the same as the Roman tax collectors did it 2000 years ago in the Bible.