The ideal way to handle property tax would be to only tax land that directly generates income like office buildings, restaurants, farms, hotels, rental property, etc. That way no one is punished for having a primary residence that they own.
Relying on income taxes is even worse. At least high property taxes ensure that the cost of property is subdued. High income and low property leads to a state with high wages (bad for business) and high property prices (also bad for business).
Property taxes are one of the most efficient forms of taxation. Any talk of removing them is Derr Boomer scheming behind a curtain.
Note the usage of the phrase "so heavily"; I didn't say that they should go away.
Well the reason it's so efficient is because it's the only obvious way for local communities to afford libraries and such. So they have to.
I'm so glad my grandparents rode on independent living right up to their deaths. My grandfather was put into a nursing home for like 8 weeks before he died because of how [physically] violent his dementia was getting. Visited him constantly, but writing was on the wall. Glad I saw him before his dementia really destroyed his memory to the point he didn't recognize my brother (he still hurts from that one).
I don't think you understand that by relying upon property taxes less, you would compensate for the loss in other areas. Removing or reducing property taxes is retarded if you don't do that.
Property taxes have also been kept artificially low. It actually costs quite abit to maintain a suburban home.
They do no such thing. Comparably, in New South Wales we have a tax called "Stamp Duty" that is payable when you purchase a house/unit. This can run into the hundreds of thousands of dollars....yet house prices continue to soar.
It can be a mutually beneficial relationship if both sides plan to make it work and aren't trying to take advantage of the other. The woman gets to escape to a 1st world country, with all the benefits and opportunity that entails for her progeny and herself, plus she's married to a man that theoretically is moderately well established and able to provide. The man gets a wife and children who appreciate him and will continue his line, and was probably sold the idea via the deluge of demoralization propaganda that American women are unsafe bets due to their "modern sensibilities" whereas the Filipina is totally going to act like she's living in 1920's America and be the fiercely loyal and subservient woman of his dreams (definitely not more marketing).
I remember when the coof was out i refused to take the vaccine and my parents threw a massive shitfit over it. When i got the coof they went apeshit and they threw a lot of threats my way. I got over it and they also got the coof despite being triple vaxxed.
This so much. Boomers on average think "muh poor nigs had a hard life" and they will excuse their actions mainly out of how hard of a life they had and that they need to steal/murder in order to have what others have. Many leftoids truly believe this and that they also lack education and the accessibility required for them to reach well paying jobs that would get them out of poverty.
They are the worst, and it should be illegal.
The rising housing costs are mostly due to inflation and then due to restricted supply. It's not some lofty thought that they are an investment. They are a way to preserve value because land is finite. It's that loaning money needs to be more expensive and inflation to get lower.
It's not about supply and demand. They could build millions of more homes, raping and destroying more rural america in the process and the price of homes both old and new will never go down. Houses now are equitable investments, far more than precous metals like gold. If the value of a home went down in the eyes of a boomer homeowner, an economist, or a realty consultan something has gone wrong. They will sacrifice everything else before they can make housing affordable.
When someone loans money the money gets created from thin air nowadays and there might not even be a cash reserve mandated. All that uninflated new money chases housing because that is the number one thing a normal person can get a loan for. Business loans are probably a far far larger part but that mostly shows in insane headcounts at a business not even making a profit (see Uber etc.). The other thing is cars, everyone knows they are a depreciating asset but they still have jumped in cost during the later inflationary years. People like to blame mfgs and regulations and even the market but it's really the money supply and cheap credit.
