Comment on Owing your home today is nearly impossible, but even if you did the ever increasing property taxes will bury you

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AppleTea@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

tying it to income means in a few decades inflation just shrinks the number of people who can actually benefit

If you own one residential property and also live in it, no taxes on that. Multiple properties? That’s taxes. Unfortunately, most primary education is funded by property tax, so you’d have to change how that works (and maybe actually pay teachers while your at it). Fortunately, none of this has any chance of ever getting implemented.

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