Posted on 04/10/2008 9:18:12 AM PDT by bstein80
All we hear these days is whining from reckless home borrowers and their banks.
But did you know that renters are 32 percent of American households? And that homes in foreclosure are less than 2 percent?
So why is Congress rushing to bailout high-flying borrowers and their lenders with our tax dollars?
Unfortunately, renters aren't as good at politics as the small minority of homeowners (and their bankers) who are in trouble. We don't have lobbyists in Washington, DC. We don't get a tax deduction for our rent and we don't get sweetheart government loans.
Quite simply, we are just Angry Renters. And now it is our time to be heard: no government bailouts!
(Excerpt) Read more at angryrenter.com ...
If you are a renter, you probably don’t earn enough to pay much if anything in taxes. Tax laws are for tax payers, not poor people who are the recipients of the taxes paid by those that earn enough to afford to buy a house. Of all the government programs that high earners pay into and don’t qualify for, there is finally one that they may be about to take advantage of.
Heard the following the other day,
Cheaper oil = good
Cheaper food = good
Cheaper housing = bad????????
I guess you dont live in So Cal.
Loudoun County, VA.
As a homeowner my neighbors should thank me for paying for their children’s “free public eductaion” that I pay for with my property tax. It’s still wrong that people who shouldn’t have bought in the first place are being bailed out- take a second job, ask your family for help, cancel your HBO, sell the Infinity and be responsible for yourself.
I know several renters who pay upwards of $20,000 a month and a few who pay more...
I could have some fun with this...............
My dad bought a brownstone in a now uber-trendy urban area 20 years ago. It was a diverse neighborhood back then, with working class people and renters. Now rents are through the roof (2,200.00 for a 1 BR) and homes are over $1,500,000.00. All the eateries are upscale, trendy and expensive. Only trendy and upscale people can afford to live there.
My Dad laments that SOMETHING must be done to make the city affordable (It was before he and others gentrified it)
I am waiting for him to cut his rent in half *crickets*
More like get new rims and new plasma while waiting for the check to come in the mail. New age welfare queens all of them!
I’m renting currently, and pulling in a six-figure income. There are huge swathes of high-end luxury apartments all over the North Dallas area, aimed at high-income people, with Garden Tubs, vaulted ceilings, high-end appliances.
You might want to find a narrower brush for that picture you’re trying to paint.
What an arrogant post!
I happen to own now but I rented for a number of years. You don't believe that renters pay taxes? The cost of rent included the cost of the owner's taxes. Therefore, the owner of the property didn't pay the property taxes....I did, in the rental cost each month! I also pay a great deal in income taxes.
It's the same analogy as corporations don't pay taxes, consumers do. Tax costs are built in to everything you buy from anyone.
As a renter, I guess my $25,000 in taxes last year means that I don’t pay enough taxes for the government to care about me? Please tell me how much I have to pay to be releveant for you. Did you ever stop to think that some people rent because they are single and tend to move around a lot (ie, a new city every year or two) in order to advance their career? Or maybe being single they don’t see the reason to live in a 3 bedroom house when a nice, cozy one bedroom apartment serves their needs. Incidentally, people like me (single, no kids, no house) probably end up paying the highest tax rate for equivelant income of anybody and receive the least amount of personal benefit back from the government. So maybe you should think again before making generalizations about people based on something like home ownership.
Oooh! Ooh! get the 22” chrome ones that spin- SWEET!
True. Some people rent because they are may be an area short term (less than 5 years) and buying is economically unfeasable. You rent by choice, not economics. I could be technically classified a renter since I have an interest only loan for my current home.
He’s a rabid anti-rentite! A Homist!
Don’t forget the new beamer for the wife and a new 100K kitchen upgrade. Didn’t anyone else see this coming? Savings rates were so low and credit was leveraged en masse to the hilt... it was all one big house of cards. At least everyone got to play with nice stuff for the duration.
I wonder what part of Virginia you’re in. The median price of a home in Northern Virginia has fallen, but it’s still $420,000. A lot of people around here probably can’t afford a $3,500 mortgage, or whatever it works out to (and with a new property tax increase in Fairfax County impending), but that hardly makes them “poor people” who don’t pay “much if anything in taxes.” Your post truly is ridiculous.
It is true that in the olden days only property owners could vote — perhaps you’d like to return to that system.
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