If we’re okay upending all fed workers + related contractors, can we do the same with the healthcare insurance industry and just move to single payer now?
@Xlovehermadly@ArmyCastle1@snblitz2@caroljsroth Sure but what’s your other thought? Property taxes pay for roads, schools, and firemen. If one neighbor pays $1K/year, then other neighbors have to pay double to make up for them. So now the new family is paying 29k/year, instead of each paying 15k. Seems unfair.
@ArmyCastle1@Xlovehermadly@snblitz2@caroljsroth No, you wouldn’t still owe in that case. It’s like a mortgage, at worst the bank will take back the home but you wouldn’t owe more on top. Still ya that does suck but it’s a way to capture home increase while living in it, like refinancing can.
@ArmyCastle1@Xlovehermadly@snblitz2@caroljsroth Like in the example, suppose you buy your house for 300k and it’s worth a 1M now.
The bank can write you a equity line of credit against the new assessed value, not just the 300k, so if you get a loan of 700k against your home, it’s only possible because your value increased.
@Xlovehermadly@snblitz2@caroljsroth In what way does it put someone on the streets? The increased tax would never be greater than the increase in home value (it’s a percentage of it!). At worse, the homeowner can take out an equity line of credit to help pay it while realizing their gains with the loan.
@jordachep@unusual_whales That disclosure would have be on the ad, not when you arrive. At which point who’s picking a place that’s advertising they’ll be spying on you!
@DeveloperRowan @iamharold@ThatShawGuy@enjojoyy@boscovne Less about FAANG and more location. If you're in the bay area or nyc, that'd be low at any tech company. FAANG starting 3-4x yours. Lots of room in between.