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by mancerayder
2149 days ago
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Property taxes are likely to go up as municipalities struggle with budget issues due to a short and medium-term economic problem of reduced income in retail and other industries. A huge number of people are thrown out of work and many of those people are renters, and renters pay rent to owners of property, and those property owners rely on the income to pay their mortgages. They capped property tax and local tax deductions federally, they capped the mortgage interest deduction and can potentially go further in that regard. I'm playing contrarian not because I think property shouldn't be owned or invested in (I did it as owner-occupier and landlord), or because I disagree with the statement about printing cash having to go somewhere, but rather because your comment is one-sided and sales-y. |
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