Explaining is not complaining; your response is why Obama is our president, and may still be in 2 years. Who retires at 60 (and therefore automatically should have title to his home) - a teacher?
I live in a state where you can’t retire & keep your home; property taxes of $10K+ annually will do that to you. Here in NJ, they’ll freeze your taxes when you retire (at the $10K+ - what a bargain!). Almost a thousand dollars per month in property taxes - that is a rent payment!
Instead, many people are just giving up the homes per their mortgage agreements with the banks - the properties that were the collateral for the loans are being voluntarily returned to the lenders, because nobody will ever want them and the property tax burden makes them untenable for families earning less than $100K (and most of those jobs have left this area). Many people have criticized the borrowers for doing this, but this is the legal arrangement the lenders entered into with them; the borrower is simply exercising their option to turn over the collateral to the bank rather than continue payments.
I don’t often get called “liberal” - I make Pat Buchanan and Archie Bunker look like girlie men.
That’s what you get when you elect LIBERALS!