Mickey7@lemmy.world to Lemmy Shitpost@lemmy.world · 3 days agoOwing your home today is nearly impossible, but even if you did the ever increasing property taxes will bury youlemmy.worldimagemessage-square327fedilinkarrow-up1753arrow-down187
arrow-up1666arrow-down1imageOwing your home today is nearly impossible, but even if you did the ever increasing property taxes will bury youlemmy.worldMickey7@lemmy.world to Lemmy Shitpost@lemmy.world · 3 days agomessage-square327fedilink
minus-squareHikingVetlinkfedilinkarrow-up5·3 days ago5? I bought my house a decade ago and it has almost doubled. If he built his house for less than his current property taxes, he would easily get 10x if not higher.
minus-squareJustin@lemmy.jlh.namelinkfedilinkarrow-up7·edit-23 days agothe sign says that property tax each year is a third of his original house cost. Assume he lives in a place with insane 15% property tax: x*0.15*3=1 x=3*6 x=18 His house is worth 18x or more what he paid to build it.
5? I bought my house a decade ago and it has almost doubled. If he built his house for less than his current property taxes, he would easily get 10x if not higher.
the sign says that property tax each year is a third of his original house cost. Assume he lives in a place with insane 15% property tax:
x*0.15*3=1
x=3*6
x=18
His house is worth 18x or more what he paid to build it.