its a joke people buy property and are tax at the highest value years ago.
You don’t buy it. Land. You just rent it. The ‘buy’ price is just a security deposit so that the King, Dukes, staff, minions, cops, unions can hold that security deposit against you if you don’t pay them. When you leave, you may be allowed to get some of it back.
50% effective taxation and massive debts are the price we pay for civilization ( /s )
Government policy was to guaranty loans to minorities and others that could not afford the housing they were buying. The guaranteed loans were bundled and sold to investors. When the dead beats quit paying there were billions in guaranteed loans and the economy collapsed. We are in this collapse now. The result is to strip you of all your equity in your home and impose insane debt and hyper inflation through the endless printing of money for crap like Libya (UN control of the world). The starting reason for the collapse was bad loans to dead beats guaranteed by the government,a policy called “affordable housing”. That is a fact.