Comment on Baby boomers want to axe property taxes. Millennials and Gen Z would pay for it.

• Peruvian_Skies@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

  Rentals are expensive because boomers have been choking the housing market.

  source

  • agent_nycto@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Rentals are always going to be more expensive than owning though. If you own a property that you rent out, you always charge more than what it costs per month or you’d be losing money.

    I’m not disagreeing with you on your main point here, but I’m just saying that even though the boomers screwed the market, that doesn’t mean that poor people on fixed incomes who own a house don’t get screwed with high property taxes.

    source
• Spur4383@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Oye but a smaller home and keep the difference between the two homes as income… though they may have to pay taxes in that, so I think that’s not possible

  source