The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GraceZ who wrote (12784)	8/21/2003 12:36:12 PM
From: fatty	Read Replies (3) of 306849

A cape house is considered a luxury by many. You can easily add two more bedrooms in the attic. Some turn that into a two family house. Some knock it down to build apartments. Time changes. What was once considered a poor man's hut is probably no longer true. The house that I live in was built as single family house for cattle slaughters. It is now considered a luxury two family victorian. From what I read, the local tax as share of GNP was 5.8% in the 1940. That's not too far off from the the 7.3% in 1992. The federal's share, however, increased from 7.0% to 20.8%! Guess who is the biggest beneficiary of the federal tax?! I'm all for downsizing governement services and lowering taxes. But the point of this discussion is why should a 80 year old couple pay less property tax than a 30 year old for the same house?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next