News for hackers. Stuff that matters.

A comment on Early Retirement (2006). Parent comment

Re:Early Retirement (2006) by brianwawok on Wednesday August 04, 2021 @11:49AM (#28062428)
If your property taxes are indexed to assessed value (which mine are), it also means your property value is going up. So double taxes would mean double value of home. It just means that at some point you may need to sell your home and downsize, pocketing a nice profit on the way out.
[ Parent | on HN ]
Re:Early Retirement (2006) by beervirus on Wednesday August 04, 2021 @02:05PM (#28064214)
Unless prices fall in the future, in which case you’ve paid a lot in taxes every year and never get any benefit from the temporarily high valuation.
[ Parent | on HN ]
Re:Early Retirement (2006) by brianwawok on Wednesday August 04, 2021 @02:28PM (#28064472)
Very true
[ Parent | on HN ]