[adastra22]

Property tax would be roughly $200k/yr, forever. That’s a nontrivial expense for anyone below billionaire levels.

[tossandthrow]

Ah yes, the ZIRP induces decompression of assets prices - hopefully for people buying into the extreme ongoing expenses, we will see serious inflation over the next years.

If there is not inflation and value compressions kicks in, then there are some people who will be ... burdened.