THE BLACK HAND FORUM

SonnyBlackstein wrote: ↑Wed Dec 16, 2020 10:04 am
This is a perfect example of how government just grows and grows and gets massively out of control.

TallGuy19 wrote: ↑Wed Dec 16, 2020 2:55 pm

116street wrote: ↑Wed Dec 16, 2020 12:19 pm

SonnyBlackstein wrote: ↑Wed Dec 16, 2020 10:04 am

116street wrote: ↑Wed Dec 16, 2020 9:14 am

SonnyBlackstein wrote: ↑Wed Dec 16, 2020 5:58 am Property taxes of $40k a year. On a $1.1mil house.
Ridiculous.

And you gotta pay those

The math on that number is staggering. 4% of your house value, you have to pay to the government, every year. Every 25yrs in perpetuity you are paying off your mortgage again and again, to the government. You need to earn almost $70k a year, every year, purely for your property taxes, again, in perpetuity. And that $70k a year? ALL of it goes to the government.
With interests rates at near zero, imagine the money you would need in savings to pay that figure in interest.

A $1million dollar house isn’t for the super rich. A household income of $200-250k should be looking in that range, that’s 100-125k per partner. Not rich AT ALL. That’s mid level profession. A lot of cops earn that, doctors way more.

Do the math in the unaffordability of the house now.

For perspective that’s TEN TIMES the average rate in Canada. Ten times. And we’re talking Canada. A left country.

This is a perfect example of how government just grows and grows and gets massively out of control.

It was a Sopranos qote, but interesting math nervertheless. Here in norway i dont pay that tax. Also, 125k in Norwegian money is considered like really good! One mill in our currency is about 100k usd. And the average pay here is 50k usd a year, which can give you a pretty decent life.

And here in the U.S. we get jack shit for our taxes—no universal healthcare, no retirement plan, no college education, no job training, nothing. I have family in Norway and I would give my left nut to be able to live there. It's paradise compared to this shithole.

116street wrote: ↑Wed Dec 16, 2020 12:19 pm

SonnyBlackstein wrote: ↑Wed Dec 16, 2020 10:04 am

116street wrote: ↑Wed Dec 16, 2020 9:14 am

SonnyBlackstein wrote: ↑Wed Dec 16, 2020 5:58 am Property taxes of $40k a year. On a $1.1mil house.
Ridiculous.

And you gotta pay those

The math on that number is staggering. 4% of your house value, you have to pay to the government, every year. Every 25yrs in perpetuity you are paying off your mortgage again and again, to the government. You need to earn almost $70k a year, every year, purely for your property taxes, again, in perpetuity. And that $70k a year? ALL of it goes to the government.
With interests rates at near zero, imagine the money you would need in savings to pay that figure in interest.

A $1million dollar house isn’t for the super rich. A household income of $200-250k should be looking in that range, that’s 100-125k per partner. Not rich AT ALL. That’s mid level profession. A lot of cops earn that, doctors way more.

Do the math in the unaffordability of the house now.

For perspective that’s TEN TIMES the average rate in Canada. Ten times. And we’re talking Canada. A left country.

This is a perfect example of how government just grows and grows and gets massively out of control.

It was a Sopranos qote, but interesting math nervertheless. Here in norway i dont pay that tax. Also, 125k in Norwegian money is considered like really good! One mill in our currency is about 100k usd. And the average pay here is 50k usd a year, which can give you a pretty decent life.

Pogo The Clown wrote: ↑Wed Dec 16, 2020 11:48 am There shouldn't be property taxes on primary homesteads period. It is a form of extortion which in effect negates the idea of private property.

116street wrote: ↑Wed Dec 16, 2020 12:20 pm

NJShore4Life wrote: ↑Wed Dec 16, 2020 11:52 am You people think that’s bad you should see the Property Taxes I pay here in Jersey....

How much is it? For a guy bringing 10k to a casino,
It must be an easy nut to crack

NJShore4Life wrote: ↑Wed Dec 16, 2020 11:52 am You people think that’s bad you should see the Property Taxes I pay here in Jersey....

SonnyBlackstein wrote: ↑Wed Dec 16, 2020 10:04 am

116street wrote: ↑Wed Dec 16, 2020 9:14 am

SonnyBlackstein wrote: ↑Wed Dec 16, 2020 5:58 am Property taxes of $40k a year. On a $1.1mil house.
Ridiculous.

And you gotta pay those

The math on that number is staggering. 4% of your house value, you have to pay to the government, every year. Every 25yrs in perpetuity you are paying off your mortgage again and again, to the government. You need to earn almost $70k a year, every year, purely for your property taxes, again, in perpetuity. And that $70k a year? ALL of it goes to the government.
With interests rates at near zero, imagine the money you would need in savings to pay that figure in interest.

A $1million dollar house isn’t for the super rich. A household income of $200-250k should be looking in that range, that’s 100-125k per partner. Not rich AT ALL. That’s mid level profession. A lot of cops earn that, doctors way more.

Do the math in the unaffordability of the house now.

For perspective that’s TEN TIMES the average rate in Canada. Ten times. And we’re talking Canada. A left country.

This is a perfect example of how government just grows and grows and gets massively out of control.

SonnyBlackstein wrote: ↑Wed Dec 16, 2020 10:04 am

116street wrote: ↑Wed Dec 16, 2020 9:14 am

SonnyBlackstein wrote: ↑Wed Dec 16, 2020 5:58 am Property taxes of $40k a year. On a $1.1mil house.
Ridiculous.

And you gotta pay those

The math on that number is staggering. 4% of your house value, you have to pay to the government, every year. Every 25yrs in perpetuity you are paying off your mortgage again and again, to the government. You need to earn almost $70k a year, every year, purely for your property taxes, again, in perpetuity. And that $70k a year? ALL of it goes to the government.
With interests rates at near zero, imagine the money you would need in savings to pay that figure in interest.

A $1million dollar house isn’t for the super rich. A household income of $200-250k should be looking in that range, that’s 100-125k per partner. Not rich AT ALL. That’s mid level profession. A lot of cops earn that, doctors way more.

Do the math in the unaffordability of the house now.

For perspective that’s TEN TIMES the average rate in Canada. Ten times. And we’re talking Canada. A left country.

This is a perfect example of how government just grows and grows and gets massively out of control.

116street wrote: ↑Wed Dec 16, 2020 9:14 am

SonnyBlackstein wrote: ↑Wed Dec 16, 2020 5:58 am Property taxes of $40k a year. On a $1.1mil house.
Ridiculous.

And you gotta pay those

SonnyBlackstein wrote: ↑Wed Dec 16, 2020 5:58 am Property taxes of $40k a year. On a $1.1mil house.
Ridiculous.