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Every Thing Else Board
Property Tax Increases
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<blockquote data-quote="Travlr" data-source="post: 1830066" data-attributes="member: 42463"><p>I know people that paid off their home... and the taxes now are more than their payments were. And insurance? I used to be able to insure my house for what I paid for it, and that was one of the reasons I moved here. So I could control costs. Now the rules have changed and if I insure the house it must be insured for <strong>retail </strong>"replacement value" as though I couldn't rebuild the house myself. And the contents of the house are required to be insured at a percentage of the replacement value of the house, even if the house has nothing but a mattress in it. My contents are valued at over a hundred and forty percent of what I paid for the property... even though the only major purchase I've made is a new couch.</p><p></p><p>A few decades ago we went through an inflationary spiral and the media was making a big deal out of the fact that a lot of fixed income people were reduced to cutting so many corners that they were eating canned cat food. I'm wondering where that media coverage is now.</p><p></p><p>The stimulus money was a BAD IDEA. Increasing the money supply always leads to inflation.</p></blockquote><p></p>
[QUOTE="Travlr, post: 1830066, member: 42463"] I know people that paid off their home... and the taxes now are more than their payments were. And insurance? I used to be able to insure my house for what I paid for it, and that was one of the reasons I moved here. So I could control costs. Now the rules have changed and if I insure the house it must be insured for [B]retail [/B]"replacement value" as though I couldn't rebuild the house myself. And the contents of the house are required to be insured at a percentage of the replacement value of the house, even if the house has nothing but a mattress in it. My contents are valued at over a hundred and forty percent of what I paid for the property... even though the only major purchase I've made is a new couch. A few decades ago we went through an inflationary spiral and the media was making a big deal out of the fact that a lot of fixed income people were reduced to cutting so many corners that they were eating canned cat food. I'm wondering where that media coverage is now. The stimulus money was a BAD IDEA. Increasing the money supply always leads to inflation. [/QUOTE]
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