Comment on Owing your home today is nearly impossible, but even if you did the ever increasing property taxes will bury you
“I don’t understand how inflation works and I’m blaming government for it”
If the property tax scales with inflation and social security is also adjusted for inflation, but your property tax is getting more expensive relative to your social security income, something’s not right.
A big part of why housing prices are outpacing general inflation is constrained supply due to long time homeowners paying artificially low taxes.
grue@lemmy.world 5 weeks ago
If the property tax scales with inflation and social security is also adjusted for inflation, but your property tax is getting more expensive relative to your social security income, something’s not right.
Cryophilia@lemmy.world 5 weeks ago
A big part of why housing prices are outpacing general inflation is constrained supply due to long time homeowners paying artificially low taxes.