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Incorrect, if you do not pay your property tax, the government can seize your property, and you do not even get the left over proceeds from the sale of the property. When you have to pay on something continuously to keep it, that is renting.
There are lots of them on google--this is just one. Some, obviously, pay more than others, that is why they are averages. The same job you landed at 35K probably paid 15K when I graduated, maybe.
Agreed. You own your property if it's mortgage free and taxes are no different than an electric bill. They are a charge for services rendered. Don't pay the charge and you'll suffer the consequences.
It is different than an electric bill; if you stop paying your electric bill, you get your electricity cut off, they do not come and seize all electric applainces from your home. Not paying the electric bill will not make you homeless, unlike not paying your property taxes.
You also pay your electric according to your use of it, unlike property taxes where you do not pay according to your use of services.
Incorrect, if you do not pay your property tax, the government can seize your property, and you do not even get the left over proceeds from the sale of the property. When you have to pay on something continuously to keep it, that is renting.
Technically anyone who you owe money to can get a lien against you and seize your bank account or property (certain states have homestead laws that protect a primary residence from most creditors) if you don't pay as agreed.
It is different than an electric bill; if you stop paying your electric bill, you get your electricity cut off, they do not come and seize all electric applainces from your home. Not paying the electric bill will not make you homeless, unlike not paying your property taxes.
You also pay your electric according to your use of it, unlike property taxes where you do not pay according to your use of services.
In some states the electric company can work through the courts and ultimately seize your home for non-payment. And I'll bet that you use many more services than you think you do.
This generation is full of whiners. The average debt is $30k-ish after graduating now? Cry me a river. When I graduated I had loans with rates of 8-9%. In real dollars and adjusted for today's interest rates, I owed the equivalent of about $70k.
Notice how the people complaining about the cost of education are those with a 2.8 GPA in Womens Studies or Art History? People who graduated with a 3.7 from a top school in engineering aren't complaining about their $50k loans.
The majority of adults have a bachelor's degree but there aren't enough job openings for hundreds of thousands of graduates in stuff like Art History, Theater, Psycology and so on.
Student loans should not be bailed out any more than mortgages should. People need to take responsibility and pay their damn debts. Bunch of freeloaders on the backs of those of us who take our responsibilities seriously and pay our debts instead of walking away. The happy ending is that people pay off the loans they took on and agreed to pay, even if it takes until they retire.
Student loans are a bit different then mortgages. One can walk away from a mortgage, one cannot simply walk away from a student loan.
Student loans are a bit different then mortgages. One can walk away from a mortgage, one cannot simply walk away from a student loan.
However if you walk away from a mortgage you no longer have the house. You have the degree forever. If student loans are forgiven, degrees should be voided. No record of that student ever attending that university or college should exist.
As long as we have to rent our property form the government by way of property taxes, we are all serfs. The only way not to be is to be homeless.
Or option 3:
Live in a state where the property taxes are less than the Homestead exemption... (As in my case)
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