A Boring Dystopia

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‘My Property Tax Went From $15K to a Life-Altering $91K a Year’ (www.yahoo.com)

submitted 2 days ago by ByteOnBikes@slrpnk.net to c/aboringdystopia@lemmy.world

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[–] WoodScientist@sh.itjust.works 0 points 9 hours ago (1 children)

Now it’s true that you can borrow against your home value - this is known as a home equity loan or a line of credit.

That is literally how every billionaire funds their lifestyle, just borrowing against stocks instead of home equity. If people with $4 million homes are not rich, then neither are most billionaires.

[–] LovableSidekick@lemmy.world 1 points 5 hours ago

It's also NOT literally how a typical homeowner lives their life. Those are the people I'm talking about, who are being taxed on money they don't have.