842
Taxes... (lemmy.world)
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[-] RootBeerGuy@discuss.tchncs.de -1 points 2 months ago
[-] LustyArgonianMana@lemmy.world -1 points 2 months ago* (last edited 2 months ago)

And homeowners don't actually "own" their home, what we call homeownership here is really the government acting as your landlord and renting your house/property to you in the form of taxes.

Whatever your yearly tax rate is, is your yearly rent. Which is why they can imminent domain that or kick you out for nonpayment of taxes. That's why they can raise taxes if the value on "their" property increases, regardless of what causes the price increase.

We make homeowners a special class of renter so that they can build wealth/equity while also getting more freedom to modify their home. That's also why it takes longer to "evict" them. Homes cost so much to buy initially (but are better over time and if you move/sell) specifically as a filter to keep them for the wealthy unless you participate in the military, farm industry, or colonization via USDA loans (VA loans ofc for the military)

[-] Bgugi@lemmy.world -1 points 2 months ago

Whew... I did not have "not living in a city is colonization" on my bingo card for today.

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this post was submitted on 21 Aug 2024
842 points (97.3% liked)

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