So Cal, gated 55+ community. Avg price is $850k for 2 story 2300 sq ft, $740K for 1 story 1800 sq ft. in our general neighborhood, there's no way young people can buy, unless both work and both make good salary.
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not to mention prop 13 lol.
You probably pay a tenth of what your neighbor pays in taxes for the same house
I'm sure hoping all those west coast prices come to Texas where things are selling for 1/4 to 1/3 those prices. I'll cash out for a cool million and get a camper.
Apparently the campgrounds are getting even more packed as other's have shuttered. Less supply, more weekend warrior demand.
I'm sure hoping all those west coast prices come to Texas where things are selling for 1/4 to 1/3 those prices. I'll cash out for a cool million and get a camper.
I wouldn't sell my house for a million bucks. It is just how I want it and just where I want it. I'll sell it when I have to go to the CCRC and not before.
I wouldn't sell my house for a million bucks. It is just how I want it and just where I want it. I'll sell it when I have to go to the CCRC and not before.
I'm sure hoping all those west coast prices come to Texas where things are selling for 1/4 to 1/3 those prices. I'll cash out for a cool million and get a camper.
You would probably have to since the property taxes would be ridiculous!
Yeah don't quite understand the excitement of someone's house going from $500,000 to $1,000,000 if they don't plan to sell.
That is just a (eventual) double of your property tax.
I don't how they do things where you live, but around here they take the town budget and divide it by the grand list to get our mill rate. They they multiply the mill rate by your assessed value. If everyone in town had their house double in value, the assessed value would double, so the grand list would double and the mill rate would halve, because the town budget would still be the same. So your taxes would be the same. Our property gets reassessed every five years whether you sell it or not. The only time your property tax would double is if your house doubled in value and everyone else's stayed the same.Yeah don't quite understand the excitement of someone's house going from $500,000 to $1,000,000 if they don't plan to sell.
That is just a (eventual) double of your property tax.
Yeah don't quite understand the excitement of someone's house going from $500,000 to $1,000,000 if they don't plan to sell.
That is just a (eventual) double of your property tax.
Yes that's how it is in our town here in NH as well.I don't how they do things where you live, but around here they take the town budget and divide it by the grand list to get our mill rate. They they multiply the mill rate by your assessed value. If everyone in town had their house double in value, the assessed value would double, so the grand list would double and the mill rate would halve, because the town budget would still be the same. So your taxes would be the same. Our property gets reassessed every five years whether you sell it or not. The only time your property tax would double is if your house doubled in value and everyone else's stayed the same.
I wouldn't sell my house for a million bucks. It is just how I want it and just where I want it. I'll sell it when I have to go to the CCRC and not before.
Yeah don't quite understand the excitement of someone's house going from $500,000 to $1,000,000 if they don't plan to sell.
That is just a (eventual) double of your property tax.
Well, one can always wait for a recession and possibly see the value go back down then you won't feel too bad about not selling.
Make that 3. We feel the same way.I'm so happy to read that you feel this way about your house! I feel the same about my Dream Home. Used to be that I never really thought anybody actually felt this content. But I do, and apparently you do too.
Make that 3. We feel the same way.
Not where we live because of Prop 13. We have nice parks and schools and don't seem to have all the special assessments others complain about, so our property taxes stay pretty low.
Exactly! I hope to get lucky and totally avoid CCRC's , Nursing homes etc. I only want to leave here feet first on a gurney, although hopefully not for a few decades more.So glad! This is the happiness we all deserve after working so hard at our jobs, all of our lives!
Not where we live because of Prop 13. We have nice parks and schools and don't seem to have all the special assessments others complain about, so our property taxes stay pretty low.