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Joined 1 year ago
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Cake day: June 13th, 2023

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  • No, property tax is basically the only direct motivation in place for home owners to vote for politicians and policies that will keep housing affordable for future generations and people who don’t already own a home. Otherwise why wouldn’t home owners want to see housing prices skyrocket in value if there’s no financial downside for them (and a giant payout when they do sell)? As mentioned in other comments, some states have tried property tax caps, and the result is creating a system of haves and have nots based entirely around who was lucky enough to buy into the market before it shot to the moon.










  • Once upon a time you could entice youngsters to the countryside with promises of low cost of living, but then rural housing got super fucking expensive super fucking fast during the covid years. Like sure, maybe rural housing is still cheaper than suburban/urban housing (although this is HIGHLY location-specific), but gone are the days where you could buy a pretty nice house (or an iffy house on a sizable chunk of land) for less than the down payment on a house in a “desirable” area. You might be able to convince a middle-class 30- or 40-something American to live in the middle of nowhere in exchange for a good house they’re able to pay for in cash with change to spare (and with it the opportunity to retire a decade or so early). But once rural housing started needing mortgages to afford and buyers still had to deal with crap like bidding wars and sparse inventory, where’s the draw? At least in my state (Washington) rural housing inventory is finally going up and prices are starting to come down (although monthly payments are still at near-record highs if you need a mortgage), but it’s going to either be many years of incremental decline or a very sharp, very painful crash to return rural housing affordability to how it was.