My uncle said in the time he lived in his old house, he paid off the mortgage, and then paid that same amount again in property tax 😵

hodlpleb

Governments need money somehow, and taxing is more honest than printing. Some places are outrageous though, like Jersey.

The flip side is the deductions you get with an investment property. 

joda

econ

Do you own your home?

As I've grown into home ownership + bitcoin, I've realized what a phenomenal scam property taxes are. It's much better to have a rental that covers all the costs, but it is so wild to think about - you have to pay the government _thousands of dollars every year_ for the right to own property. 