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Comment by mikece

2 years ago

Given the pace of inflation shouldn't we raise the bar to $1000/month side projects? I'm always in search of "I could pay my mortgage with that!" side projects...

6 comments

mikece

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hawski  2 years ago

At least $500 would pay for my mortgage almost just as well as when I got it.

  • mikece  2 years ago

    $500/month doesn't even pay property taxes anymore, sadly.

    • Sohcahtoa82  2 years ago

      It would for me! :-D

      But only because Oregon has a nice law that makes it so the assessed value for a house for property tax calculation purposes can't rise more than 3% per year. My house is estimated to be worth $550K, but I'm being taxed as if it's only $250K.

      Which is nice for a homeowner as you're totally screwed by the rising housing market, but it makes new housing harder to sell since your tax will start where it needs to be, whereas buying an existing home keeps your tax low.

      Also causes problems when areas gentrify, but the city isn't collecting enough tax to make improvements that are expected by the residents.

program247365  2 years ago

Haha, true story! But you gotta do $500 before you can get to $1k. ;)

Let's say, $500 *or more*. The previous year's submissions definitely had ones that were more. :)