I have a close friend who had a fully paid off property in Hawaii. It was a 3K square foot home right on the beach that was bought in the 80's and paid off throughout the years. The family retired and saw the prices of property in the area sky rocket over the years. The value of the home went up to 4M.
That said, this family had no means to cover the property taxes as everything in the area went up 10,000%. They were locals and hated the fact that all the silicon valley people were buying up all the land on the island in what they considered an invasion. They tried to fight the state on the property values and property taxes which they could no longer afford to pay. End result is they lost and unfortunately the Government seized their property before they could sell it.
It should be no surprise to anyone that news is now saying that the Government is going to land grab all of the displaced property on Hawaii. They have been doing it for awhile now. The sad news is that there is going to be no one left on these islands whom can afford to live there and work the jobs that keep that economy alive. Bye bye islands... and to fuckers like Zucherberg - good luck with owning half an island when there is no one on the other half who can afford to maintain it.
Makes me wonder if the taxes increased specifically to force locals out & allow only big money/potential pedos in?
Seems to me property taxes should be based on the value of the home when it was purchased & never go up. Though I am just a a lowly citizen that Government doesn't feel accountable to anymore.
Taxation is theft.
Property taxes only make debt slaves.
Over the years I have been able to get more normies to accept the idea I proposed rather than zero property tax.
The libertarian in me wants a zero tax system in place. Trump has shown tariffs work (which is a type of tax) so I will take any step towards removing government over reach until enough wake up to demand it all stop.
I am salty over property taxes specifically. I busted my ass for years, paid off my house, and was finally able to retire. Now I”m back at work specifically to pay my property taxes, which increased from $6000 to $7500 in the course of a single year.
I understand having to pay a certain amount of taxes for society to function. I have a major problem with the government being able to steal my property if I can’t pay my property tax. What if I fall on hard times? What if I die? Will my wife eventually be homeless? Don’t know how it varies in other states, but in Texas, you don’t really own your house.It’s total bullshit.
To your point, I agree with you. Tariffs were the historical way to go if not abused. Lincoln got greedy with tariffs and the South ended up seceding. There is a sick addiction amongst politicians who salivate over spending other people’s money.
Well, actually they make so much money with their fiat Ponzi scheme they could easily run the govt on that alone. But yes, if we return to a more fair and actual monetary system, fees & tariffs could fund the govt completely, once all agencies are eliminated & it has been slimmed down to what is actually needed.
I couldn't agree more. I figure between 0.5%-1% flat tax set at the time the home sells. Prices drop, too bad, prices go up, your tax burden does not.
Taking any home due to tax loss is despicable.
People have property taxes because these pedos/criminals have made these laws for their own convenience. Hopefully God intervenes this time.
They did the same thing to properties at Lake Tahoe. Elderly people that had lived there for decades were pushed out of their homes because they could no longer afford to pay the property taxes. Many of the same Zuckerbuck types own properties in Tahoe in more secluded areas.
My aunt is in So CA and the only reason she is still in her home was because of prop 13. She and my uncle purchased their home in 1961. If not for her taxes being capped, there is no way she could afford to live there.
All of us need to take note of this. Property taxes will be one of the ways many of us may be forced out. Major land grab and it is far from over.
Yup. Taxes suck, and is not just blue states. Look at Texas and Florida, it’s criminal.
But Texas has no income tax
Texas has retarded property taxes tho. There is no state income tax but they make up the money in school taxes and property taxes.
I live in Florida and yes, the property prices have soared since COVID and there has been no adjustments to the property taxes which have also soared. This doesn't even address the problem of the home insurance which also skyrocketed. DeSantis brags about a budget surplus but has yet to tackle these real issues plaguing Florida citizens.
Desantis is a deep state asset. So far he is moving and acting like a Bush klan inbreed
Not how property taxes work in my town. Periodic reassessments keep the taxes ever increasing.
Either way , I’m in no position to fight for people who have property ocean front in Hawaii. I’ve got my own battles.