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How Homeownership Became the Engine of American Inequality

221–222 of 222 posts

Re: How Homeownership Became the Engine of American Inequality

#221

Post by epistasis » Sun, May 21, 2017, 8:07 AM UTC

pkaye wrote: post #213

epistasis wrote: post #57

Earlier quoted context omitted.

Sounds like a lot of mutual funds...

I thought with mutual funds you still pay taxes only on the profits. With property taxes you pay it on the current value.

Mutual funds charge you a percentage fee, with or without profits.

So when somebody says, "imagine if your investment accounts charged a percentage" that is precisely what mutual funds do.

Re: How Homeownership Became the Engine of American Inequality

#222

Post by njharman » Sun, May 21, 2017, 7:44 PM UTC

dismantlethesun wrote: post #137

njharman wrote: post #91

Earlier quoted context omitted.

Imagine other investments supplying roads, police, fire, parks, and education (or at least a place to store kids during work day) for 12 years.

That argument can be made about the usefulness of taxes on anything.

Yes, I know. Taxes and social constructs such as governments ARE useful.

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