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Not necessarily commensurate with the yield on taxes per acre. Every area has certain fixed costs vs. variable. Many existing homeowners no longer have school aged children yet continue to pay increased school taxes. Many new homeowners are childless.
I don't care to argue the specifics but, again, the concept is to get people to vote in a change, it has to be in their financial interests.
The problem is tax revenues increase but local governments become more bloated or enrich themselves rather than provide a tax rebate.
Again, offering local property tax rebates in high population density areas defeats the purpose. It shortchanges the local government services' budgets that have to meet even more residents' needs.
whoever wrote this needs to educate themselves a lot more. It's unclear from the 2 odd sources that you quoted. Nevermind it doesn't include systems (plumbing, heating, electrical) or labor, it also doesn't ponder structural needs.
Building codes, zoning, etc, only apply to "real estate" and not "private property."
Though most are misled to assume that all land is estate, that is incorrect.
LAND. ... The land is one thing, and the estate in land is another thing, for an estate in land is a time in land or land for a time.
- - - Black's Law dictionary, sixth ed., p.877
"OWNERSHIP - ... Ownership of property is either ABSOLUTE or qualified. The ownership of property is absolute when a single person has the absolute dominion over it... The ownership is QUALIFIED when it is shared with one or more persons, when the time of enjoyment is deferred or limited, or when the use is restricted."
- - -Black's Law dictionary, sixth ed., p. 1106
Ownership is qualified (not absolute) when it is shared, or time is limited, or use is restricted.
What is NOT qualified ownership?
PRIVATE PROPERTY - As protected from being taken for public uses, is such property as belongs absolutely to an individual, and of which he has the exclusive right of disposition. Property of a specific, fixed and tangible nature, capable of being in possession and transmitted to another, such as houses, lands, and chattels.
- - - Black's Law dictionary, sixth ed., p.1217
Land and house that is absolutely owned by an individual is private property. EVERYTHING ELSE IS ESTATE (REAL ESTATE / REAL PROPERTY / ETC).
Verify that your own state’s constitution and laws recognize and protect private property.
umm, you don't need to hold my hand to then launch into a bunch of gobbledygook that doesn't apply to 99.9% of the population.
What does your 1974 bulletin say about interior walls, or the interior span that can handle a 4 inch thick concrete roof? I doubt it's 36 feet, but I'm no engineer.
Yes, if one wants "affordable housing" then you need only to move outside of municipal control (zoning), buy a piece of property and pitch a tent. Problem solved.
I would wonder how property taxes fit into the whole "qualified" ownership you're apparently interested in.
When Levittown was built as the prototypical postwar suburb after WWII those houses were selling for $8,000 new in 1949. Adjusted for inflation that would be around $86,000 in today's money. Show me where you can buy a brand new suburban house near a major city for that money today. The problem isn't that people are whiners who need to lower their expectations, it is that housing has gotten absurdly more expensive over the last 70 years. When the material conditions of life fall for people, that shouldn't be a reason to complain that people suddenly want too much. They just want what their parents and grandparents had.
that's exactly the problem. most people are not looking to get a pent house on park ave. they're just trying to get a modest home within 20 miles of city center and are being priced out.
that's exactly the problem. most people are not looking to get a pent house on park ave. they're just trying to get a modest home within 20 miles of city center and are being priced out.
Come to Chicago, you can get one of thousands of residential lots for $1. Build the home you like on it. You can probably build a modest 1000 sf house for $200k.
Using my home state of FL as an example, most of these are being bought by investors (individuals and/or corporations). Building more housing is not the solution, because those would continue to be purchased by investors (and then turned into rentals).
The only solution would be to cap investments, which I realize would be anti-capitalism.
I don't think the market will crash, because the bulk of purchases are not from families.
Ergo, the only solution is to buy as soon as you can - and it may not be in a desirable area, and it may be small.....but if you can buy, buy.
Some of the "sales", especially in higher priced markets, are to corporations, who then make the homes rentals. I don't think those count as genuine sales, hence the quotation marks
Bingo. ^^^^^^^^^^^^^
It is hard for families (who need a mortgage) to compete with cash buyers. I don't know what the solution is.
Can’t wait for the next “cash for clunkers” program.
Keep the rich “rich” and ring out the next phase of the classic automobile holocaust.
They’re coming for your guns and ‘69 Chevy.
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