In Greece, Property Is Debt
nytimes.com
In Greece, Property Is Debt
1–10 of 302 posts
Re: In Greece, Property Is Debt
#2The article mentions the word "tax" 14 times, but it never says what it actually is.
How bad is it?
Re: In Greece, Property Is Debt
#3The system is fucked beyond repair.
There is no 'Greek' system or 'English' system - it's all the same, it's all interconnected - so someone in Europe must live the consequences of political decisions in China or the United States or any other country, really.
And that's to be expected, because the system was not 'engineered', but hacked together in time - sometimes in response to crises, sometimes influenced by insane political promises or compromises, sometimes by greed or fear.
Yet we try to fix the problems in each individual 'state' - this might work for some problems, but for others - the ones faced by countries such as Greece - it's hopeless - the solution (if any) might not be in Greece at all.
This is the rare case when refactoring just doesn't cut it, we need a complete rewrite of the whole thing.
Re: In Greece, Property Is Debt
#4The article mentions the word "tax" 14 times, but it never says what it actually is. How bad is it?
http://www.globalpropertyguide.com/Europe/Greece/Taxes-and-C...
It looks like property tax tops out at 2% annually of assessed value. This is similar to tax rates in Wisconsin, but if they play the same games in Greece that some local governments do, the properties are assessed well above anything you could sell the property for.
Re: In Greece, Property Is Debt
#5The article mentions the word "tax" 14 times, but it never says what it actually is. How bad is it?
A 650 sqft apartment of 1963 vintage is taxed around 250 euros/year
Re: In Greece, Property Is Debt
#6The article mentions the word "tax" 14 times, but it never says what it actually is. How bad is it?
http://www.globalpropertyguide.com/Europe/Greece/Taxes-and-C... It looks like property tax tops out at 2% annually of assessed value. This is similar to tax rates in Wisconsin, but if they play the same games in Greece that some local governments do, the properties are assessed well above anything you could sell the property for.
The government should be obliged to purchase the property for the assessed value then.
Re: In Greece, Property Is Debt
#7The article mentions the word "tax" 14 times, but it never says what it actually is. How bad is it?
http://www.globalpropertyguide.com/Europe/Greece/Taxes-and-C... It looks like property tax tops out at 2% annually of assessed value. This is similar to tax rates in Wisconsin, but if they play the same games in Greece that some local governments do, the properties are assessed well above anything you could sell the property for.
The goverment defines the "objective value" of the property, which usually is way higher than the market value. The taxation is based on this "objective value"
Re: In Greece, Property Is Debt
#8The article mentions the word "tax" 14 times, but it never says what it actually is. How bad is it?
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Re: In Greece, Property Is Debt
#9The system is fucked beyond repair. There is no 'Greek' system or 'English' system - it's all the same, it's all interconnected - so someone in Europe must live the consequences of political decisions in China or the United States or any other country, really. And that's to be expected, because the system was not 'engineered', but hacked together in time - sometimes in response to crises, sometimes influenced by insa…
I don't understand this comment. What about this article makes you think the Greeks can't make decisions for themselves? Is their land unsuitable for farming, and manufacture, and services? Did someone setup an embargo against them?
Furthermore, the idea of needing to overhaul things at a global level makes many assumptions. For example, that anyone has the authority and intelligence to tell the entire world how it should function.
Re: In Greece, Property Is Debt
#10The system is fucked beyond repair. There is no 'Greek' system or 'English' system - it's all the same, it's all interconnected - so someone in Europe must live the consequences of political decisions in China or the United States or any other country, really. And that's to be expected, because the system was not 'engineered', but hacked together in time - sometimes in response to crises, sometimes influenced by insa…
I think faults in each country have one thing in common - socialism and excessive bureaucracy that comes with it.