Finally, a silver lining!
propped up subsidized artificial inflated market
We just bought a new home in Marion Illinois...
Then Covid hits and the world goes nuts.
Property taxes there are frightening but we figured since we got such a deal we could figure the taxes were sort of paid by the last owner....would take many years to get to point where the purchase price + the taxes finally equaled the real value of the home. Taxes last year were 2700.00
Another reason we bought the house is that in Illinois those past 65 pay no state income tax. So we were going to empty the market account, pay the fed tax and avoid the state tax...then put a good bit into physical precious metals.
Now we fear that the over 65 provision will be ended and also the property taxes will double (or worse) they come due in July in IL...
So we need to make a quick decision to just sell the new house we have already put much work into and buy a house we just found in Panama City Florida that we like..no state tax in Fl and the taxes are just 2620.00/yr on a MUCH better home... costly though at 340,0000.00 but is in gated community with enclosed pool in back connected to house...nice. Just a 50/mo HOA fee. Prop tax may go up a bit in FL due to Covid shortfalls but at least the state is not run by crazy people.
Lot of cash for folk like us to put in a home but at least we won’t need a mortgage and it is better than just holding onto that much fiat currency.
I’m just too tired to go through all this right now, I wish I had a member of the CCP at hand so I could kick his ass.
I’m too tired to even think about all this now.
https://www.zillow.com/homedetails/2810-Hawks-Landing-Blvd-Panama-City-FL-32405/87637778_zpid/
does not look good for my dtr who works in the solar industry.....her husband has already been laid off due to Falsi and the rats.....
Hahaha! I believe I will go out this afternoon and burn a couple old tractor tires in celebration.