Oye but a smaller home and keep the difference between the two homes as income… though they may have to pay taxes in that, so I think that’s not possible
Rentals are always going to be more expensive than owning though. If you own a property that you rent out, you always charge more than what it costs per month or you’d be losing money.
I’m not disagreeing with you on your main point here, but I’m just saying that even though the boomers screwed the market, that doesn’t mean that poor people on fixed incomes who own a house don’t get screwed with high property taxes.
They can easily solve the problem by selling their overpriced homes.
And then live in rentals which are more expensive?
Oye but a smaller home and keep the difference between the two homes as income… though they may have to pay taxes in that, so I think that’s not possible
Rentals are expensive because boomers have been choking the housing market.
Rentals are always going to be more expensive than owning though. If you own a property that you rent out, you always charge more than what it costs per month or you’d be losing money.
I’m not disagreeing with you on your main point here, but I’m just saying that even though the boomers screwed the market, that doesn’t mean that poor people on fixed incomes who own a house don’t get screwed with high property taxes.