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Real Estate
Reply to "Small families with big houses"
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[quote=Anonymous]Also our property tax system in DMV and real estate appreciation makes large homes “practical” A lot of folks don’t necessarily want investment properties but want to get more real estate appreciation. Easy solution buy a large expensive home. My large house pays $13k a year in DMV property taxes. A small home maybe 8k. I appreciate way more than extra taxes I pay. On Long Island, Bergen County NJ, Westchester they pound large houses in taxes. My house would pay $36,000 a year property tax while a smaller home 12k. People downsize quickly or buy smaller homes. Who wants to pay 2k extra a month on empty bedrooms? Taxing the hell out of large homes makes sense as only families really live in them, you don’t have empty nesters, widows, folks with 1-2 kids sitting in 6,000-9,000 sf houses very often [/quote]
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