Flee country, move to a place where rent is <500 USD.
Comment on Baby boomers want to axe property taxes. Millennials and Gen Z would pay for it.
shalafi@lemmy.world 1 day ago
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.
Alcoholicorn@mander.xyz 1 day ago
shalafi@lemmy.world 1 day 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.
Alcoholicorn@mander.xyz 1 day 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.
architect@thelemmy.club 1 day 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.