grsthegreat
Super Star Member
Good to order early….they are probably on a ship from china right now.
What did you buy this week?
- Thread starter Yander
- Start date
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mike0000
Platinum Member
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- Jun 4, 2018
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- Southern Indiana
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- Kubota RTV 900, Kubota L3901, Kymron YH 14 mini ex
Suspension seat for my old zero turn mower.
jyoutz
Super Member
Today I bought my house and land. Paid off the mortgage. 
grsthegreat
Super Star Member
Who hoo, congrats. I did that years ago. It takes so much weight off of your shoulders.Today I bought my house and land. Paid off the mortgage.
Eagle1
Veteran Member
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- Viburnum, MO
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Congrats, I remember that feeling, one of the best days.Today I bought my house and land. Paid off the mortgage.
But we still have to pay rent or tribute to the state.
All made in the USA, thank you for asking.
Well done, once you get out of dept, stay that way.Today I bought my house and land. Paid off the mortgage.
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- Feb 21, 2003
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Problem is, it's NEVER paid off. You fail to pay the real estate taxes, you loose the dwelling and land to the county and they auction it off and if they garner less than what you owe (if you owe anything), they come after you for the difference.
Under current tax laws, it's never paid off. You just 'rent' it.
Govermnet entities always get their 'pound of flesh', no matter what. My personal opinion on that is it's BS but it is what it is. I don't think that anyone over the age of 65 should have to pay RE taxes and especially school operating taxes as no one I know of over 65, has school age kids.
Better to rent than own in many cases. renters don't pay RE taxes and most have school age kids as well. Having said that I do incorporate the RE tax burden in the monthly rent, so they do but indirectly and with 4 rental properties that tax burden is quite large. Least 3 of the 4 are paid off and the 4th one is close.
Under current tax laws, it's never paid off. You just 'rent' it.
Govermnet entities always get their 'pound of flesh', no matter what. My personal opinion on that is it's BS but it is what it is. I don't think that anyone over the age of 65 should have to pay RE taxes and especially school operating taxes as no one I know of over 65, has school age kids.
Better to rent than own in many cases. renters don't pay RE taxes and most have school age kids as well. Having said that I do incorporate the RE tax burden in the monthly rent, so they do but indirectly and with 4 rental properties that tax burden is quite large. Least 3 of the 4 are paid off and the 4th one is close.
JeepHead
Platinum Member
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jyoutz
Super Member
I think the property taxes in my county are very reasonable and are actually used for things that I can see: fire district, roads, and yes local schools. When my kids were in school, older people paid for them and I’m ok with paying for the next generation, provided that the cost is reasonable, and in my case it is.