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To: Myrddin
That's only true if the rent is high enough to cover the property taxes....... She priced it at $350/month. The taxes alone were $360/month. The monthly payment to the bank is $750

That's YOUR CHOICE to rent your property at a loss. However, most people rent it at a rate that includes all costs. That was my point. Renters DO PAY property taxes, indirectly.

29 posted on 04/10/2008 10:32:56 AM PDT by 2nd amendment mama ( www.2asisters.org | Self defense is a basic human right!)
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To: 2nd amendment mama

Most people rent at the price the market will bear—whether half or 2x the owner’s actual month-by-month costs.


30 posted on 04/10/2008 10:35:38 AM PDT by 9YearLurker
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To: 2nd amendment mama
However, most people rent it at a rate that includes all costs. That was my point. Renters DO PAY property taxes, indirectly.

That is a point I shouted loud and clear when the city governments of Chubbuck and Pocatello tried to lay a property tax to finance rehabilitation and modernization of the Holt arena located on the campus of Idaho State University. Many of the local renters said they would vote for it because they don't pay property taxes. I calculated the monthly impact on my property taxes...for a 20 year period. I made it clear that I would immediately raise my rent by that amount. Other property owners jumped in and stated they would do the same. Gulp! The renters immediately understood they were in the line of fire. The voters of the two cities overturned the bond with 80% NO votes.

42 posted on 04/10/2008 12:03:10 PM PDT by Myrddin
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