Myles Montplaisir of “You Betcha” fame has apparently done what many ambitious go getters in the North do, tried selling real estate. In this video he has a young father wanting to buy a larger home for his growing family in the Biden-Harris economy. Let’s see how this works out. Watch
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1990, bought a 661 sq ft condo in San Diego for $79K. Paid it off in 10 yrs. I gave to my ex in trade for her half of a house during divorce.
Value of the trade is condo is worth $500K. House that was bought in 2002 during marriage for $436K, now worth $1.75M.
Sounds good, right? Nope, it’s all relative.
Your current house value is irrelevant if you cant afford a new place to live once you sell it.
Except to the tax man.
HE gets full value out of your property value increase…
The inflated valuation of homes has also led to higher taxes and insurance costs. Just part of the plan to destroy American citizens’ ability to own property or achieve the American Dream. As Klaus Schwab said, “you’ll own nothing and be happy”.
This is what $350K will get you about 8 miles from me….https://mywildlifeproperty.com/property/628-n-main-st-burr-oak-ks-1880-grand-victorian-farmstead-and-acreage/
We bought in 1990.
Do we get taxed on that?
No.
We get taxed on what amounts to unrealized profit.
Bought for $94,000 we get taxed on $400,000.
Now do pickup trucks.
Loaded with crap I neither need or want. More gears than my bicycle.
Rolling fricken computer and surveillance devices.
@Beachmom, that’s Commiefornia Gov. Garbage Newsome wants to do to us; we currently pay taxes based on what we paid when we bought the house. If we had to pay on the current “value”, we would not be able to afford to live here. Two of our new neighbors are paying upwards of $20,000 a year in taxes. Plus the house payment. 😳
^^^^ why I drive old junk!^^^^
^^^ All my cars & trucks are old
and easy to fix. 2000 Camery= 250k Mi.
House was 86K in ’93. 225k now. I spent
30 years customizing it.Now the
neighborhood is going down hill and more crime…
like stated above,cost to much to move. Coming and going.
@ Different Tim—
That easily explains why many older vehicles may be worth more than the original cost.
We bought our house in 2011, I don’t foresee ever buying another in this economy. I’m concentrating on getting the mortgage paid off so I can drop the outrageous homeowner’s insurance. (Which has doubled under Biden/Harris, combined with several hurricanes)