It seems that “the literary slant of this article” is to impugn renters.
It seems that the ‘organization that funded the research’, wishes more people to be bound to the mortgage industry, but remained silent on all the taxes, levees, fees, and other costs, that are tacked on by the municipality where the prospective home would be located.
It is an old argument. I was caught up in an illiterate boob’s tirade, when I lived on Long Island, N.Y.,(ca. 1988) which included his idea that because I was not paying any property taxes, I had no legal right to use the public library. He went so far aas to call me un-American, because I did not seek to purchase a house. My answer, which froze his mouth open, was that why should I pay into a corrupt local government, and support corrupt politicians? They exist off the taxes and levess assessed on that property, which I would have to pay, above and beyond the mortgage and insurance payments, necessary to buy said home. They, then, decide that the fees and levees are not enough for their lifestyle, and raise them again. Does the increased funding ever go to where they speak so eloquently about? Look at all the years ‘the loterry money is for education’, and then tell me that it has made a difference or that the school budgets have increased in proportion to the increased sales of loterry tickets.
I rent, and here is why:
1. it is a cost that I can manage, without the assessor’s journeys about.
2. if something goes wrong, since it is a building, i have someone that is responsible to fix it, without extra charge to me (until the next rent hike).
3. The grounds are kept, the sidewalks are clean, and there is a security presence in the shadows. Try these days to call a cop.
4. The boisterous, late night party crowd does not live here, we are all working or retired folks.
5. in near to 10 years, my rent hikes per years total, figured for one example month of each year, have been no more than $75.00. Try that on a house, with the ever-elected city fathers of your town, and their growing greed.
One good thing about ca. If you stay in your house the property tax only increases slightly over long term.
I have seen people in other states get taxed out of their home. Happened in ca until late 70s.
all the taxes, levees, fees, and other costs, that are tacked on by the municipality
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All of the above is tacked on to the renters bill. There is no escape except to live under a bridge. And....Since businesses pass on their municipal fees in the form of higher prices ( mostly due to our K-12 single-payer and socialist-entitlement schools) even the homeless pay, too!