Sure must be nice having a house to remodel.
this post was submitted on 15 May 2025
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Every think about downsizing?
That sucks, but I also think the era of the single family home is ending. No regular person can afford these home prices. Even if you can afford a one time renovation on your $650,000 house does not mean you can afford a $90,000/year tax bill. Single family home values have gone off the charts and regular people cannot afford them. We need to increase housing supply.
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Okay I know it's not such a popular opinion but I'm still on the notion that you shouldn't pay taxes for holding on to the place that you live.
Yeah yeah local governments need income and all that and their house is assessed over 4 million dollars and many people can't even afford a home at a 10th of that and they should have known and blah blah blah but come on, commodified housing is bad enough. Paying what amounts to a rent to the state just to hold on to the property, actual repairs and upkeep and other naturally occurring costs aside is insane.
Tax the sales of property. Tax the legal transfer of control of LLCs that "own" property. I'm not even saying never charge property tax on properties not occupied by the owner, but you should be able to have a house to live in without paying the state for the privilege of them not taking it.
Why not tax the property for all value above X. Where X is some amount over the average or median property value. That way, if you can afford a luxury home you pay some tax on it.
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Mao was right about landlords
That being said these people can afford to pay this, their house is millions of $s.
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But they’re holding out hope that momentum around reform might arrive in time to help them stay in the home they’ve poured decades of love and savings into.
Yeah thats not going to happen