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

you are viewing a single comment's thread
view the rest of the comments
[–] 5 points 2 years ago (3 children)

This is Texas which has no income tax, so they have high property tax. It's about 1% per annum based on the appraised value of the property. Plus if it's a newer neighborhood, you pay an extra amount for the cost of infrastructure until it's paid off, usually called a MUD (municipal utility district) tax. Mine is an extra 1.2% so I'm paying roughly $1200/month in property taxes for my residence.

  • source
  • parent
  • hideshow 6 child comments
  • [–] 5 points 2 years ago (2 children)

    Christ on a bike, do they at least lube the dildo they fuck you with?!? 😳

  • source
  • parent
  • hideshow 4 child comments