Remember the housing market crash during the Obama years? Well, you'll want to hear this 👇
(twitter.com)
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I know he ruined the used car markets and cash for clunkers was the means. So he did to our houses as well. In 1990 I built a new house for 70k. It’s paid for I never borrowed on it. Now my neighbor sold theirs for 259k and it’s much older than mine and had been a rental for 18 years. I can’t even believe it; the inflation it’s sickening.
I bought mine for 117 almost exactly ten years ago, now it's valued 250-300. I don't really care how well I did, the economic manipulations make me sick. 🤮
Well we get taxed on a value based on what the neighbors sell for so the taxes go up despite my efforts to live in an affordable home and area! I’m pissed.
The problem with real estate tax in general is that you never really own your home. My parents paid off the house they bought in 1960 in ten years. What difference did it make. My widowed Mom's taxes are thousands a year. Her mortgage would have been 120 had she refinanced over and over. It's all a scam.
Yea ur renting from whatever city and county u live in.