Joe Andriacchis home for sale worth 1.1mil

[Tonyd621]

https://www.google.com/amp/s/www.chicag ... utType=amp

[SonnyBlackstein]

Property taxes of $40k a year. On a $1.1mil house.
Ridiculous.

[116street]

Property taxes of $40k a year. On a $1.1mil house.
Ridiculous.

And you gotta pay those

[SonnyBlackstein]

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.

[PolackTony]

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.

Welcome to Cook County buddy lol.

[moneyman]

It would be 4% I think because the house is worth a million. Pretty sure Long Island and NJ have much higher property taxes in comparison.

[Pogo The Clown]

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.


Pogo

[NJShore4Life]

You people think that’s bad you should see the Property Taxes I pay here in Jersey....

[116street]

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.

[116street]

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]

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

I’m getting fucking killed this year Financially with my business interests from COVID , driving me to go down to AC 1-3 times a week to gamble and drink my face off like a madman.

[SonnyBlackstein]

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.

This.

Factually correct.

[TallGuy19]

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]

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.

You’re right tall. When i tell people in norway about US society, which they are really ignorant about, they dont believe their ears. Its the insurance thing that baffles me. I’m told parents are even afraid of sending their kids to soccer practice in case they break a leg and have to pay a fortune. Is it true?

[Dante]

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

Abso-fucking-Lutely.