To: Holly_P
"...walked through the house as if I owned it."
"Because we did," said her husband, Joe, 56 Great story - good people - however I would say that no one ever owns property in the USA, even when there is no mortgage. Through never ending assessment of property taxes, and the burden of inheritance taxes, the state holds true ownership over the property now and forevermore.
11 posted on
01/04/2004 1:52:03 PM PST by
kcpopps
To: kcpopps
property taxes, and the burden of inheritance taxes, the state holds true ownership over the property now and forevermore
Excellent point, plus you could factor in imminent domain. Together they spell out that there is no such thing as privately owned land in the USA
18 posted on
01/04/2004 1:57:06 PM PST by
BSunday
(I'm not the bad guy)
To: kcpopps
True about the property taxes....depressing, isn't it?
To: kcpopps
my wife and I inherited her grandparents home. We have no morgage, credit card, or car payment, DEBT FREE!! But that property TAX really gets under my skin. It is in fact a rent payment, and I know that I really don't own my house, the government does.
We have made many choices to stay debt free, even bypassing the 0% down for 5 years for a decent car. But it's nice to wake up in the morning and not be forced to go to work because someone will take away my stuff if I miss a payment.
32 posted on
01/04/2004 2:22:52 PM PST by
duk
To: kcpopps
Excellent point!
To: kcpopps
no one ever owns property in the USA>
One of the benefits of choosing some other system besides monarchy.
50 posted on
01/04/2004 3:01:04 PM PST by
RightWhale
(Repeal the Law of the Excluded Middle)
To: kcpopps
Great story - good people - however I would say that no one ever owns property in the USA, even when there is no mortgage. But you do own the exclusive right to do with it whatever you choose. As long as it is a State approved use, of course.
143 posted on
01/04/2004 6:50:41 PM PST by
templar
To: kcpopps
Great story - good people - however I would say that no one ever owns property in the USA, even when there is no mortgage. Through never ending assessment of property taxes, and the burden of inheritance taxes, the state holds true ownership over the property now and forevermore. EXACTLY!
Just don't pay your property taxes, you'll find out just who really does own your property faster than you can say 'forfeiture'.
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