1 year ago3 points(+0/-0/+3Score on mirror)2 children
I hope you're living in a a Low Cost of Living City. Here in Toronto aka Moronto, $100k is the poverty line. I hear in Jew York $250k is a very average salary.
1 year ago5 points(+0/-0/+5Score on mirror)1 child
In jew york you need to earn at least $250k to keep up with the basic costs of living. However most people living there don't earn that much. This is why homelessness is rampant, and why a lot of people share small apartments with strangers.
Only way to get low cost apartments is to dispose of the (((slumlords))) and have the city itself become a landlord through a non profit. I used to live in such city back in the days, 100% white and only $500/mo rent for a 4 bedroom house with a double garage.
(((Property tax))) is theft, like unrealized gains tax. It's only purpose is to force you to sell what you own to afford the tax, which literally means the end of private ownership.
Without property taxes $500/mo is not a problem. The city landlord is still around, still offering properties for that price and still making millions in profit every year, while renovating a lot of the housing stock.
How come America of all countries tolerate such high property taxes?
1 year ago8 points(+0/-0/+8Score on mirror)1 child
$300-$400k is the bare minimum to live a “comfortable life”, $600k to live like a boomer did 40-50 years ago. $1m is what a $100k salary was 40-50 years ago. Even then it feels not enough in this jewed country.
Since you'd probably need to work more than 40 hours per week to earn that much, you'd also never get to enjoy all the comforts of life you worked so hard to pay for. That is also a huge shame.
It is now to live “middle class” in many, if not most places in the USI, but just 10 years ago, you could live comfortably most places in this country still, especially if you were single and didn’t have and dependents. It’s really sad.
Only way to get low cost apartments is to dispose of the (((slumlords))) and have the city itself become a landlord through a non profit. I used to live in such city back in the days, 100% white and only $500/mo rent for a 4 bedroom house with a double garage.
A landlord has to charge $500 a month just to break even on the high property taxes for rental properties.
Without property taxes $500/mo is not a problem. The city landlord is still around, still offering properties for that price and still making millions in profit every year, while renovating a lot of the housing stock.
How come America of all countries tolerate such high property taxes?
How? What's your job?