Interesting graphs and charts department - Page 22

HungLikeJesus · 03-27-2012, 03:31 PM

Don't you mean KFC?

Griff · 03-27-2012, 07:59 PM

5-10k/yr@KFC! Call the medics.

The mortgage deduction looks like a scam from where I'm sitting.

Clodfobble · 03-27-2012, 09:25 PM

I have to say, while I like taking the mortgage deduction myself (I got mine, Jack!) I don't think it's really that effective at promoting homeownership like it's supposed to. I mean, who says to themselves, "Weeeeelllll, we're on the fence about buying a house, such a big commitment and all... Wait, what's that? At the end of next year, our total tax bill will be reduced by a relatively small percentage of the interest payments we will be making on this house? Oh shit, sign us up today!"

Besides that, I think promoting homeownership is a wasted initiative to begin with. They have it backwards: homeownership is associated with stable and productive families, yes, but it's an effect, not a cause. You can't just give someone a house and all of a sudden they're a paragon of civic duty and filial responsibility.

classicman · 03-27-2012, 10:01 PM

WSS^^^

glatt · 03-28-2012, 07:20 AM

Quote:

Originally Posted by Clodfobble

What about your property taxes? Surely those have gone up over the years, probably at a rate similar to the amount rent has gone up? At this point my dad's property taxes are far, far higher than the mortgage on his house.

Yeah, the taxes keep going up. But while there was a huge jump during the real estate boom a decade or so ago, they have stayed pretty steady over the last decade.

Clodfobble · 03-28-2012, 09:22 AM

I don't know about Virginia, but in Texas they're only allowed to raise your property taxes by a certain percentage each year, to help keep the established homeowners from being forced out during housing bubbles. But if you live in a place long enough, it'll still catch up with you in the end.

Our neighborhood was subject to part of the housing crash, and our house is currently still appraised at less than we paid for it (though not less than we actualy owe on it, fortunately,) but we like that because we know it'll go back up eventually, we have no intentions of moving, and in the meantime it means our property taxes are lower.

glatt · 03-28-2012, 10:10 AM

When the bottom fell out of the market, our real estate taxes didn't really go down. The assessment went down, but the government raised the tax rate to keep the tax amount pretty level. And then as assessments have crept up slowly, they have lowered the tax rate.

Gravdigr · 03-28-2012, 04:49 PM

Quote:

Originally Posted by Gravdigr

JFC.

Quote:

Originally Posted by HungLikeJesus

Don't you mean KFC?

Kentucky Fucking Christ? That don't make no sense.

ZenGum · 03-28-2012, 06:29 PM

Quote:

Originally Posted by glatt

When the bottom fell out of the market, our real estate taxes didn't really go down. The assessment went down, but the government raised the tax rate to keep the tax amount pretty level. And then as assessments have crept up slowly, they have lowered the tax rate.

The only thing that surprises me here is the last five words.

xoxoxoBruce · 03-29-2012, 04:45 AM

Quote:

Originally Posted by Clodfobble

You can't just give someone a house and all of a sudden they're a paragon of civic duty and filial responsibility.

Yes I am.

Clodfobble · 03-29-2012, 07:48 AM

Quote:

Originally Posted by glatt

The assessment went down, but the government raised the tax rate to keep the tax amount pretty level.

Those bastards!

pastortoy · 03-29-2012, 09:54 PM

Quote:

Originally Posted by Clodfobble

At this point my dad's property taxes are far, far higher than the mortgage on his house, and when he's ready to retire he'll have no choice but to sell the house because the neighborhood has gotten too nice for him to keep paying the property taxes on it.

How can you ever "own" a house if you have to keep up payments to the government for it? You never really have it free and clear. They call this the American dream?

classicman · 03-29-2012, 10:53 PM

Taxes are on the property, not the structure upon it.

Lamplighter · 03-29-2012, 11:15 PM

Quote:

Originally Posted by classicman

Taxes are on the property, not the structure upon it.

I wish...

Oregon puts separate values on land and it's improvements (e.g.,house)
and bases the taxes on both.

BigV · 03-30-2012, 11:57 AM

Quote:

Originally Posted by Lamplighter

I wish...

Oregon puts separate values on land and it's improvements (e.g.,house)
and bases the taxes on both.

Same here in Washington.

03-27-2012, 03:31 PM	#316
HungLikeJesus Only looks like a disaster tourist Join Date: Feb 2007 Location: above 7,000 feet Posts: 7,208	Don't you mean KFC? __________________ Keep Your Bodies Off My Lawn SteveDallas's Random Thread Picker.

03-27-2012, 07:59 PM	#317
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	5-10k/yr@KFC! Call the medics. The mortgage deduction looks like a scam from where I'm sitting. __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

03-27-2012, 09:25 PM	#318
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	I have to say, while I like taking the mortgage deduction myself (I got mine, Jack!) I don't think it's really that effective at promoting homeownership like it's supposed to. I mean, who says to themselves, "Weeeeelllll, we're on the fence about buying a house, such a big commitment and all... Wait, what's that? At the end of next year, our total tax bill will be reduced by a relatively small percentage of the interest payments we will be making on this house? Oh shit, sign us up today!" Besides that, I think promoting homeownership is a wasted initiative to begin with. They have it backwards: homeownership is associated with stable and productive families, yes, but it's an effect, not a cause. You can't just give someone a house and all of a sudden they're a paragon of civic duty and filial responsibility. __________________ My book My other book My spirit animal

03-27-2012, 10:01 PM	#319
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	WSS^^^ __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-28-2012, 09:22 AM	#321
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	I don't know about Virginia, but in Texas they're only allowed to raise your property taxes by a certain percentage each year, to help keep the established homeowners from being forced out during housing bubbles. But if you live in a place long enough, it'll still catch up with you in the end. Our neighborhood was subject to part of the housing crash, and our house is currently still appraised at less than we paid for it (though not less than we actualy owe on it, fortunately,) but we like that because we know it'll go back up eventually, we have no intentions of moving, and in the meantime it means our property taxes are lower. __________________ My book My other book My spirit animal

03-28-2012, 10:10 AM	#322
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	When the bottom fell out of the market, our real estate taxes didn't really go down. The assessment went down, but the government raised the tax rate to keep the tax amount pretty level. And then as assessments have crept up slowly, they have lowered the tax rate.

03-29-2012, 10:53 PM	#328
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Taxes are on the property, not the structure upon it. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

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