▲ 1217 ▼ [meme] How would you rather see this land developed? (lemmy.world) submitted 2 years ago by Fried_out_Kombi@lemmy.world to c/fuckcars@lemmy.world 793 comments fedilink hide all child comments
[–] AA5B@lemmy.world 3 points 2 years ago (2 children) Seems like a good way to get a lot of retired folk to lose their property over taxes, as land value rises above their means permalink fedilink source parent hideshow 4 child comments replies: [–] Cryophilia@lemmy.world 2 points 2 years ago (1 child) Sounds like they should sell their house - which has netted them a nice profit - and downsize. Or do a reverse mortgage. permalink fedilink source parent hideshow 2 child comments replies: [–] iheartneopets@lemm.ee 3 points 2 years ago (2 children) And move where? Why have retired people (who are most likely on a fixed income and have paid off their home in some cases) to move from a home they've paid off to an apartment/living center with obscene monthly payments? Or introduce another ever rising tax on something they should have been able to age peacefully in without as much financial worry? That seems cruel. I'm no fan of boomers, but damn. I feel like best plan here would be to impose steeper taxes on second-plus properties. You can have your primary residence, but every home after that accrues a higher and higher tax. Especially on LLCs. permalink fedilink source parent hideshow 4 child comments replies: [–] Cryophilia@lemmy.world 3 points 2 years ago If tax goes up, it's because the value of your asset has gone up. Either sell it or do a reverse mortgage. I have no pity for those profiting from the system, regardless of their age. Fuck you, Grandma, pay your taxes. I feel like best plan here would be to impose steeper taxes on second-plus properties. That's definitely part of it, and more important than taxes on primary residence. But we should do both. permalink fedilink source parent [–] AA5B@lemmy.world 1 point 2 years ago I feel like best plan here would be to impose steeper taxes on second-plus properties I think we have that where I live, although after 20+ years of owning I still don’t really understand property taxes here. Anyhow, the property tax has a basic definition but I believe you get a reduction in assessed value for primary residence. That effectively taxes second homes more permalink fedilink source parent [–] spitfire@infosec.pub 1 point 2 years ago There won't be any other taxes for them to pay, so they will have more purchasing power. Chances are, they're still going to have the same place unless that retired guy decides to build a hotel or something on it. permalink fedilink source parent
[–] Cryophilia@lemmy.world 2 points 2 years ago (1 child) Sounds like they should sell their house - which has netted them a nice profit - and downsize. Or do a reverse mortgage. permalink fedilink source parent hideshow 2 child comments replies: [–] iheartneopets@lemm.ee 3 points 2 years ago (2 children) And move where? Why have retired people (who are most likely on a fixed income and have paid off their home in some cases) to move from a home they've paid off to an apartment/living center with obscene monthly payments? Or introduce another ever rising tax on something they should have been able to age peacefully in without as much financial worry? That seems cruel. I'm no fan of boomers, but damn. I feel like best plan here would be to impose steeper taxes on second-plus properties. You can have your primary residence, but every home after that accrues a higher and higher tax. Especially on LLCs. permalink fedilink source parent hideshow 4 child comments replies: [–] Cryophilia@lemmy.world 3 points 2 years ago If tax goes up, it's because the value of your asset has gone up. Either sell it or do a reverse mortgage. I have no pity for those profiting from the system, regardless of their age. Fuck you, Grandma, pay your taxes. I feel like best plan here would be to impose steeper taxes on second-plus properties. That's definitely part of it, and more important than taxes on primary residence. But we should do both. permalink fedilink source parent [–] AA5B@lemmy.world 1 point 2 years ago I feel like best plan here would be to impose steeper taxes on second-plus properties I think we have that where I live, although after 20+ years of owning I still don’t really understand property taxes here. Anyhow, the property tax has a basic definition but I believe you get a reduction in assessed value for primary residence. That effectively taxes second homes more permalink fedilink source parent
[–] iheartneopets@lemm.ee 3 points 2 years ago (2 children) And move where? Why have retired people (who are most likely on a fixed income and have paid off their home in some cases) to move from a home they've paid off to an apartment/living center with obscene monthly payments? Or introduce another ever rising tax on something they should have been able to age peacefully in without as much financial worry? That seems cruel. I'm no fan of boomers, but damn. I feel like best plan here would be to impose steeper taxes on second-plus properties. You can have your primary residence, but every home after that accrues a higher and higher tax. Especially on LLCs. permalink fedilink source parent hideshow 4 child comments replies: [–] Cryophilia@lemmy.world 3 points 2 years ago If tax goes up, it's because the value of your asset has gone up. Either sell it or do a reverse mortgage. I have no pity for those profiting from the system, regardless of their age. Fuck you, Grandma, pay your taxes. I feel like best plan here would be to impose steeper taxes on second-plus properties. That's definitely part of it, and more important than taxes on primary residence. But we should do both. permalink fedilink source parent [–] AA5B@lemmy.world 1 point 2 years ago I feel like best plan here would be to impose steeper taxes on second-plus properties I think we have that where I live, although after 20+ years of owning I still don’t really understand property taxes here. Anyhow, the property tax has a basic definition but I believe you get a reduction in assessed value for primary residence. That effectively taxes second homes more permalink fedilink source parent
[–] Cryophilia@lemmy.world 3 points 2 years ago If tax goes up, it's because the value of your asset has gone up. Either sell it or do a reverse mortgage. I have no pity for those profiting from the system, regardless of their age. Fuck you, Grandma, pay your taxes. I feel like best plan here would be to impose steeper taxes on second-plus properties. That's definitely part of it, and more important than taxes on primary residence. But we should do both. permalink fedilink source parent
[–] AA5B@lemmy.world 1 point 2 years ago I feel like best plan here would be to impose steeper taxes on second-plus properties I think we have that where I live, although after 20+ years of owning I still don’t really understand property taxes here. Anyhow, the property tax has a basic definition but I believe you get a reduction in assessed value for primary residence. That effectively taxes second homes more permalink fedilink source parent
[–] spitfire@infosec.pub 1 point 2 years ago There won't be any other taxes for them to pay, so they will have more purchasing power. Chances are, they're still going to have the same place unless that retired guy decides to build a hotel or something on it. permalink fedilink source parent
