Comment on ‘My Property Tax Went From $15K to a Life-Altering $91K a Year’
WoodScientist@sh.itjust.works 3 weeks agoNow it’s true that you can borrow against your home value - this is known as a home equity loan or a line of credit.
That is literally how every billionaire funds their lifestyle, just borrowing against stocks instead of home equity. If people with $4 million homes are not rich, then neither are most billionaires.
LovableSidekick@lemmy.world 3 weeks ago
It’s also NOT literally how a typical homeowner lives their life. Those are the people I’m talking about, who are being taxed on money they don’t have.