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

I have to pay about $200/yr. on my 2.5 acres of swamp. If I ever get to the point I can’t pay that, I forfeit my land, sold to the highest bidder on the steps of the county courthouse. Sorry about your meager inheritance kids, mom and dad had to eat food.

ATM, I don’t pay property taxes on my Habitat for Humanity mortgage. Think that ends once it’s paid off. So as I enter old age, you all think I should be stripped of my home if I can’t pay property taxes, forever? Think on that. Imagine being 85-years old, can’t scrounge $1,000 extra every year, lose it all.

BTW, this home has nearly doubled in value since I bought it 8 years ago. And exactly what fucking good does that do for me? If I sell, I can’t get another home for that much. I would be like having a car worth $100,000 when new cars cost $120,000.

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architect@thelemmy.club ⁨3⁩ ⁨weeks⁩ ago
Property taxes should be free on the house you reside in the most and charged for the rest and always charged if you make income off the property, imo.

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- shalafi@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
  I’d also go for no property taxes past a certain age and below a certain income.
  
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Alcoholicorn@mander.xyz ⁨3⁩ ⁨weeks⁩ ago
Flee country, move to a place where rent is <500 USD.

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- shalafi@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
  Probably taking my wife home to the Philipines to retire. Won’t have money for shit else, and I’ll miss my kid’s young adulthood. Probably what we’ll have to do.
  
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  - Alcoholicorn@mander.xyz ⁨3⁩ ⁨weeks⁩ ago
    Can you move in with the kid? Give them an interest free loan to build you a Finished Room Over Garage or basement apartment, to be repaid upon selling the house.
    
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    shalafi@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
    Kids are 10 and 12 ATM and we’re 54. Kinda screwed for a deal like that. Also, my Social Security check will take good care of us in the Philippines.
    
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