Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

    • sadreality
      link
      fedilink
      257 months ago

      HoA fees

      Eminent domain but they will pay you “market value”

      Being force into a sale due to investor taking over a condo building

    • Veraxus
      link
      fedilink
      57 months ago

      Property taxes of most primary dwellings should not be a thing.

      • NaN
        link
        fedilink
        English
        137 months ago

        This is how you get subscription-only fire departments.

        • Veraxus
          link
          fedilink
          7
          edit-2
          7 months ago

          Commerce and wealth-based taxes (income, sales, capital gains, etc) are sufficient to cover any and all social needs. Taxing people on their own possessions - especially those critical to living - is beyond unethical, it is evil.

          A property tax on a primary dwelling residence is unethical because it is not attached to any act of commerce. It is your home. It is your family’s life and legacy. Property taxes do not care whether the owners are billionaires or do not have a penny to their name, so they harm the middle class and the poor while it’s little more than an afterthought for the wealthy. Case in point: Hawaiians who are forced to sell their ancestral homes because they cannot afford property tax… because the “value” of their ancestral land is constantly and steadily increased by wealthy interlopers. This is just plain, old-fashioned banditry and theft - nothing more and nothing less… and if you advocate for it or justify it, you advocate for evil.

          • ddh
            link
            fedilink
            English
            17 months ago

            So many bad arguments here.