My mortgage has gone up like $300 in the last 14 years due to taxes & insurance… but if I were still a renter it’d have gone up by $1000 (or more?) so I’m not complaining.
I mean, my house value quadrupled during that time, so it’s kinda fair that I’m paying more property taxes. As for the insurance… I gotta admit I haven’t paid much attention.
Unless you are selling the house (which still means you have to buy another one…) it’s paying for unrealized gains which the rich fucks making the rules tell us is so unfair whaaaa whaaaa whaaa (insert child crying noises here)
On the contrary: as a single-family homeowner, I’m being massively subsidized compared to the amount of city services and infrastructure I consume. (It could be worse: I could have a large lot in a car-dependent suburb instead of a small lot in a streetcar suburb and therefore be even more of a leech – i.e., like those rich fucks you’re talking about – but still, I’m definitely not paying my fair share of taxes.)
If you want to know who’s really getting ripped off, it’s all the renters in dense apartments. Not only are they paying extra so their landlords can profit, they’re paying even more because they’re the ones funding the subsidy for single-family homeowners like me. Basically, I’m exploiting them via the skewed way property taxes are assessed. Thanks for funding my privileged lifestyle, people too poor/unluckly to be able to buy a house! 🤑
(But seriously, it really is very unfair and we need to reform the property tax code and, even more importantly, the zoning code.)
It is so messed up how every part of our society is secretly tuned to make being poor trapped yet every rung up the ladder to being wealthy, the journey gets a little easier by hidden subsidies like this.
Yes and no: yes in that the real cost has indeed drastically gone up, but no in the sense that the cost that the insurance company would actually pay would be based on the policy’s coverage limits, and I’m not sure if those have actually been adjusted to keep up…
My mortgage has gone up like $300 in the last 14 years due to taxes & insurance… but if I were still a renter it’d have gone up by $1000 (or more?) so I’m not complaining.
You should complain. We’re all getting ripped off.
I mean, my house value quadrupled during that time, so it’s kinda fair that I’m paying more property taxes. As for the insurance… I gotta admit I haven’t paid much attention.
Unless you are selling the house (which still means you have to buy another one…) it’s paying for unrealized gains which the rich fucks making the rules tell us is so unfair whaaaa whaaaa whaaa (insert child crying noises here)
On the contrary: as a single-family homeowner, I’m being massively subsidized compared to the amount of city services and infrastructure I consume. (It could be worse: I could have a large lot in a car-dependent suburb instead of a small lot in a streetcar suburb and therefore be even more of a leech – i.e., like those rich fucks you’re talking about – but still, I’m definitely not paying my fair share of taxes.)
If you want to know who’s really getting ripped off, it’s all the renters in dense apartments. Not only are they paying extra so their landlords can profit, they’re paying even more because they’re the ones funding the subsidy for single-family homeowners like me. Basically, I’m exploiting them via the skewed way property taxes are assessed. Thanks for funding my privileged lifestyle, people too poor/unluckly to be able to buy a house! 🤑
(But seriously, it really is very unfair and we need to reform the property tax code and, even more importantly, the zoning code.)
It is so messed up how every part of our society is secretly tuned to make being poor trapped yet every rung up the ladder to being wealthy, the journey gets a little easier by hidden subsidies like this.
The insurance is based on the cost to rebuild the home, which has also drastically gone up, so it makes sense that it has risen too
Yes and no: yes in that the real cost has indeed drastically gone up, but no in the sense that the cost that the insurance company would actually pay would be based on the policy’s coverage limits, and I’m not sure if those have actually been adjusted to keep up…