Are property taxes basically extortion?

AtomicUse

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My property taxes are $5,500 a year, and they are tax deductible. That's three months of rent. One and a half if you live overpriced sandbox like California or an expensive dump like New York.

I'm in the process of selling my house and when it's sold I will have over $320k cash in the bank.

Renters won't have shyt when they're done paying rent for 15, 20, 30 years. They'll have just paid off someone else's mortgage.
 
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GPBear

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My property taxes are $5,500 a year, and they are tax deductible. That's three months of rent. One and a half if you live overpriced place like California or an expensive dump like New York.

I'm in the process of selling my house and when it's sold I will have over $320k cash in the bank.

Renters won't have shyt when they're done paying rent for 15, 20, 30 years. They'll have just paid off someone else's mortgage.
What advice do you have for a young breh in terms of saving? :jbhmm:
 

Shorty K

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Depends. If your house value is going up, then property taxes are ok. If somehow you been living in the same house for 20 years and the value hasn't gone up, you pretty much are allowing people to steal from you.
 

Rawtid

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So, your house is paid off, but you still gotta pay thousands every year or they'll take your house:scust:


I see why people rent smh
I don't understand this line of thinking. Everyone's budget will always include money for housing costs, whether it's rent, a mortgage, or property taxes. Property taxes are a lot less than mortgage or rent costs when you factor them in monthly. It's not smart to think you'll never have any costs associated with where you live unless you're a bum.
 

Buckeye Fever

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I don't understand this line of thinking. Everyone's budget will always include money for housing costs, whether it's rent, a mortgage, or property taxes. Property taxes are a lot less than mortgage or rent costs when you factor them in monthly. It's not smart to think you'll never have any costs associated with where you live unless you're a bum.
Don't get pimp slapped by uncle sam
 

Sterling Archer

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what the fukk are you talking about :heh: property taxes pay the pigs and teachers and public employees in your town. that's not up for debate or argument
:jbhmm:....
Property taxes pay towards maintenance of the roads that you drive, local fire and police departments, the school district, etc.. Sounds like a fair trade to me.

I said:
Its not. Next useless comment.
Thanks for obliging me the next useless comment I requested.
 
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