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by vladvasiliu
1518 days ago
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> If you buy property in the second city, then as values rise, yes your taxes will go up but so will the value of your property. Worst case, you have to take out a home equity loan to pay the taxes, but you'll probably still come out ahead. Wouldn't this rise in your property's value only matter when you sell? Home equity loans aren't a thing in France as far as I know, so maybe I'm completely off here, but wouldn't you need to pay back that loan anyway? So if you're intending to sell the property (which I assume is the case, since OP's main complaint was being forced to move), how do you come out ahead? |
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I'd say also, anyone who is capable of producing all those improvements should be able to make a good living, and their wage should improve with the monetary value of land in the area. Meaning the land tax shouldn't, on average, be harmful.