Or in other words: The Death of the American Dream.
I remeber when I was a yungin, I was always told own land. It is the ONLY security for your future.
The Dummies have turned it into a crapshoot.
Now owning land is simply a means for a municipality to tax you to death; what a change...
Today’s young people know that buying a home is the worst possible investment right now; you’re being set up with a 5-figure tax bill (at least here in NJ), and the mortgage interest and property tax deductions aren’t worth so much when your income is 60% of what it was 2 years ago (making the mortgage payments impossible anyway). There is giant sucking sound here in northern NJ of taxpayers and decent jobs leaving for greener pastures; housing is in terrible shape here.
Unforunately, the got have turned it into a pinata and big fat bullseye as well t keep taxing and regulating people.
Unforunately, the govt have turned it into a pinata and big fat bullseye as well t keep taxing and regulating people.
OWN land, not this rent-to-own mortgage crap.