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re: When insurance/property taxes approaches your mortgage payment - do you own your home?
Posted on 9/5/26 at 1:33 pm to Oilfieldbiology
Posted on 9/5/26 at 1:33 pm to Oilfieldbiology
quote:
With a mortgage you can actually pay a sum of money an no longer have to ever pay again.
Property taxes on the other hand….
It is almost like OP is conflating two different things and only retards see it as a gotcha.
A mortgage and owning a house that you must pay property taxes for are two different transactions.
Posted on 9/5/26 at 1:50 pm to Oilfieldbiology
For sure, they just prefer spending it on blowing up stuff in the Middle East.
Posted on 9/5/26 at 2:09 pm to theunknownknight
You never own anything that you pay taxes in perpetuity on.
Posted on 9/5/26 at 2:43 pm to theunknownknight
I fricking hate property taxes. It gets ratcheted up the 10% max every damn year.
Posted on 9/5/26 at 4:01 pm to The Torch
Welcome to Bridgeland?
Posted on 9/5/26 at 4:06 pm to beaverfever
quote:
You never own anything that you pay taxes in perpetuity on.
This cracks me up every time. As if the government can’t garnish your wages for any other tax you don’t pay, and how are you going to pay your mortgage if they take all your money.
So damn dumb.
Posted on 9/5/26 at 4:08 pm to theunknownknight
Yes let’s cry for the boomers they have it really tough.
Posted on 9/5/26 at 4:22 pm to theunknownknight
My property taxes are $16k
My first apartment was $500 a month
My first apartment was $500 a month
Posted on 9/5/26 at 5:33 pm to tide06
Out of curiosity, I just looked up China’s property tax situation. According to Google:
China does not have a standard, nationwide annual property tax for regular residential homeowners.
How Property Taxes Work for IndividualsPrimary Homes: Normal homes used by the owner to live in are usually exempt from annual property taxes.
Pilot Cities: Cities like Shanghai and Chongqing run test programs. They charge property taxes on second homes, luxury houses, or very large properties.
Transaction Fees: Buyers pay a one-time Deed Tax between 3% and 5% when purchasing real
Maybe we can learn a thing or two from them.
China does not have a standard, nationwide annual property tax for regular residential homeowners.
How Property Taxes Work for IndividualsPrimary Homes: Normal homes used by the owner to live in are usually exempt from annual property taxes.
Pilot Cities: Cities like Shanghai and Chongqing run test programs. They charge property taxes on second homes, luxury houses, or very large properties.
Transaction Fees: Buyers pay a one-time Deed Tax between 3% and 5% when purchasing real
Maybe we can learn a thing or two from them.
Posted on 9/5/26 at 5:37 pm to PeteRose
quote:
Out of curiosity, I just looked up China’s property tax situation
quote:
Maybe we can learn a thing or two from them.
All we would need to make this work is communism, genocide, and no child labor laws.
Congrats, you win dumbest post of the day. There’s still time, but I don’t see a way anyone could beat this.
Posted on 9/5/26 at 5:46 pm to theunknownknight
quote:
When insurance/property taxes approaches your mortgage payment - do you own your home?
To be fair If you have zero insurance/property tax but still have a mortgage payment you do not own your home. The mortgage company owns your home.
Posted on 9/5/26 at 5:47 pm to theunknownknight
It's a legitimate question. Just my property taxes are almost $9k/year.
Posted on 9/5/26 at 6:04 pm to tide06
Trump just proposed to give money to stay at home moms so I assume you mean republicans.
Posted on 9/5/26 at 6:41 pm to T1gerNate
Have no mortgage and pay no property taxes.
Posted on 9/5/26 at 6:43 pm to Mingo Was His NameO
quote:What does this have to do with what I said? Did you respond to the wrong person?
This cracks me up every time. As if the government can’t garnish your wages for any other tax you don’t pay, and how are you going to pay your mortgage if they take all your money.
Posted on 9/5/26 at 6:46 pm to theunknownknight
quote:It has always been this. Were you stupid enough to think the American Dream was to be a multimillionaire?
The modern American dream is keeping a roof over your head and affording ribeyes on occasion
Posted on 9/5/26 at 7:24 pm to Gee Grenouille
quote:
Both of these things can be solved in the voting booth. Property taxes for one, it’s time to get rid of these local yokal kingdoms, and elect state officials that refuse to take campaign donations from insurance companies.
I’m not in favor of having local decisions being made by a state entity that doesn’t have the local interest as a top priority. In Florida the state government really sold out my county when they passed very insurance company friendly legislation that drove my commercial and residential insurances up even higher. They have more than tripled in the last decade.
We are voting in November to reform property taxes, but I haven’t seen the language yet. My guess is going to benefit a small group of people. I’m also concerned that they will raise sales taxes. The money is going to have to be replaced by some means.
Having worked on municipal budgets I have experience with what happens with the money collected. In Florida I’m not thrilled with what we get with our tax dollars. In the other states I own properties I am very happy with what we get for our tax dollars. Both Idaho and Colorado have nice stuff. Delaware has cheap property taxes but we also don’t have nice stuff.
Posted on 9/5/26 at 7:34 pm to HouseMom
quote:
My issue is the "valuation" of your home being tied to the amount you pay. Does a couple living in a million dollar home use more public infrastructure than a $200k house with 5 kids?
Agreed
Posted on 9/5/26 at 8:04 pm to theunknownknight
My taxes & insurances have cost more than my mortgage since I signed the mortgage 10 years ago. That gap has only widened since.
Posted on 9/6/26 at 8:57 am to PeteRose
quote:
Out of curiosity, I just looked up China’s property tax situation.
You can't buy land in China. You lease it for 50-99 years and the government takes it back if you can't pay for it.
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