Comment by teaearlgraycold
5 days ago
As someone that rents I have little sympathy for people paying property taxes annually that are less than what I have to pay in one month.
There should of course be sanity in the system. If you’re retired and can’t the afford property taxes on your home it’s not okay to squeeze you for that little bit of money.
You, as a renter, are paying the property tax.
The cost is passed on to the end-user.
Of course. And rents should be lower. House prices should be lower. But I don’t care for the cries of people who think they are wronged by property taxes. Most of those home owners are benefiting from those taxes.
You're not making any sense. Someone paid for a house, they fully expect to pay a lot less than renters do. That's the point of buying a house.
What I realized when I bought a house was for an owner occupier buying a house is the only way to 'invest' the money you'd otherwise spend on rent. You'd never make such a low return illiquid investment otherwise.
The point of buying a primary house is to be able to do what you want with it. And to know you can live there as long as you want.
Economics dictates how valuable those things are and what premium they have over renting.