“Property taxes for me have doubled in the last four year”
Fighting now in Congress to send a middle-class property taxation cap constitutional amendment to the states would add the electors of several deep blue states to Trump’s total and make Congress turn deep red come November. My suggested text:
Levies on any residential property of less than 2799 square feet of finished living space shall be no higher than the 2019 dollar amounts on the property, or for a newer or since resold property no higher than what it would have been levied at for 2019 if it lacked owner specific tax breaks, increased by 3% per calendar year since 2019 and by any percentage increase to its finished living space.
Drop a constitutional amendment proposal bill in two congressional hoppers and fight to limit the ability of Democrats to buy votes at the expense of the middle class.
“Property taxes for me have doubled in the last four years, car and home insurance jumped dramatically in last few months, cost of electricity and food much higher now. The value of my 401k and IRAs have been steadily eroded by inflation. On top of that, my pension will never increase for the rest of my life.”
I just renewed my RV insurance with Progressive, and it’s gone up by $75 compared to last year. My car insurance with USAA (covering three cars) has jumped from $1,200 a year to over $2,100. To save $1,500 annually, I switched to Progressive, though I suspect they’ll raise their rates as well.
My long-term plan is to de-tag two cars, put them in storage, and drop down to minimum insurance coverage since all the cars are fully paid off. I plan to do the same for my house and RV once they’re paid off. I’m also starting to think it might be better to put the money I’d spend on rising insurance costs into a savings account and self-insure, rather than continuing to hand over so much to the insurance company.
Our property taxes have gone up because our house is way overvalued. And our home owners insurance has gone up 2400 a year the last two years.
I got a break on property taxes last year, but insurance and inflation in general pretty much wipe that out. Now the county is talking about raising taxes. They get Recovery Act money to throw around, but when it runs out they want to keep on spending like Covid times and now everything is more expensive.
“The value of my 401k and IRAs have been steadily eroded by inflation. On top of that, my pension will never increase for the rest of my life.”
This is a huge problem for millions of older people. The media won’t talk about it because it makes their team look bad.
Imagine saving all your working years to only have 30+% (value) of your retirement going up in inflationary smoke.
Regarding finishing your basement. See if Habitat for Humanity has “Restore” store near you. You may be able find the materials you need at a much cheaper cost