As someone that rents I have little sympathy for people paying property taxes annually that are less than what I have to pay in one month.
There should of course be sanity in the system. If you’re retired and can’t the afford property taxes on your home it’s not okay to squeeze you for that little bit of money.
Of course. And rents should be lower. House prices should be lower. But I don’t care for the cries of people who think they are wronged by property taxes. Most of those home owners are benefiting from those taxes.
What I realized when I bought a house was for an owner occupier buying a house is the only way to 'invest' the money you'd otherwise spend on rent. You'd never make such a low return illiquid investment otherwise.
There should of course be sanity in the system. If you’re retired and can’t the afford property taxes on your home it’s not okay to squeeze you for that little bit of money.