Comment on Is investing in real estate immoral if you use it to buy your first home?
OneCardboardBox@lemmy.sdf.org 4 months agoIn the USA, property taxes are how most towns and cities get the majority of their funding. 200€/year would be crazy low.
In my medium cost of living town (USA), taxes come out to 4, sometimes 5 figures a year. Plus as the area becomes more desirable, property taxes (based on the sale price of a home) go up for recent buyers.