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Re:If you sell a house these days, the buyer might be a pens... by secondcoming on Wednesday June 09, 2021 @01:18PM (#27450537)
Why so? You don't see that gain unless you sell, at which point you'll probably buy another house that has also risen 10x.
Re:If you sell a house these days, the buyer might be a pens... by cronix on Wednesday June 09, 2021 @01:42PM (#27450819)
In a lot of places, if not most, property taxes are based on the assessed "current market value" of your house and audited annually, which can change a lot from year to year. Property taxes are paid annually, not when the house sells. If the house goes up 10x in a year, the property tax also rises which makes it very hard on a fixed income when you're retired, especially when the gov't artificially calculates inflation at a lower rate so they don't have to pay as much in social security benefits to those seniors reducing their purchasing power over time.
Re:If you sell a house these days, the buyer might be a pens... by JAlexoid on Wednesday June 09, 2021 @03:10PM (#27451816)
Property taxes are supposed to cover your local government's running services - police, fire brigade, trash/sanitation, water and roads.

Properly distributed, they should not be high.

Property taxes are not a slush fund for the government, nor should they be deferrable. They are intended to be running expenses.

Re:If you sell a house these days, the buyer might be a pens... by nathanaldensr on Wednesday June 09, 2021 @08:44PM (#27455382)
And the fact property taxes are often used as a slush fund makes those of us paying attention very sensitive to their increase. With those taxes comes bureaucratic power and control, often leading to more taxes and less of a say over how one lives one's life.