Posted on 05/22/2018 6:43:17 AM PDT by Diana in Wisconsin
Wow, Kozy. That's quite the math education that you have there. Do you serve on the board of advisors to the pension organization? :)
Because renting for 3-5 years is just throwing money away. I moved into a desirable area and assuming I lose 25-50k when I sell, it’s still cheaper than renting anything I’d consider acceptable.
Sorry bunkie, yes it is! That's why home prices are going to crash if the dumbass politicians here in Illinois pass the increase.
And your math sucks, btw. Did you use Common Core math?
On an annual basis, that $500,000 home is going to cost another $5k.
A $250k home will be another $2,500.
Small Condo's of about $100,000 will see an average of another $1k in taxes.
ANNUALLY.
For the overwhelming majority of homeowners in/around the Chicago area and the surrounding collar counties, they will see a minimum property tax increase of about $2,500 and many will be well over $5,000 more.
Finally, as we who live in Illinois know all too painfully, EVERY TIME this state has raised taxes "to pay down the debt" of one form or another, that debt NEVER GOT PAID. Instead, the lying bastards spent the money on OTHER THINGS.
I'm telling y'all right here, right now: they pull this stunt here in Illinois and I pray to God that the pitchforks, tar, rope and feathers come out and every single one of the bastards who votes for it gets hung by their necks.
If they thought the revolt over the Soft Drink tax was something - they'd be dumb as shit to try this.
And they MUST go up again. Once the new tax kicks in, housing values WILL go down. This means tax revenues from existing property taxes go DOWN. Sure, the new 1% tax will be there to bail out some public employee pensions, but the existing revenues that fund schools, roads, infrastructure, police, fire, parks, libraries, etc, will be reduced due to lower property values. So, guess what? Another tax increase! This time, it's for the children...
Next:
Listen carefully.
There is no such thing as a “fair tax”.
There is no magic formula.
There will always be winners and losers.
Whatever is taxed will be reduced in scope.
Whatever is not taxed will increase in scope.
It is not fair.
It just is.
I was lucky getting out in 1978. Central IL was a great place growing up - possibly one of the best - but the state has since turned into the one of the nation’s worst bung holes. Chicago’s social and economic sewage has flowed downstate.
With a 20 month old in my lap trying to type with me, I thought I did alright. Yea, yea, the 1% is per month for $6,000 on a 500,000 valued home is right. Bend over and kiss your equity good bye.
What governments are forced to do ultimately when it comes to the funding of wasteful retirement programs beside going into bankruptcy. Which have become valueless because of finding diversion and inflation thus the lowering of the purchasing power of the dollar. Is base them on the purchasing power of the lowest coin of the realm the penny restoring it to a given level known as devaluation .With the aim of restoring its purchasing power bringing back a dollar candy bar back to five cents.
“People deserve the government they vote for.”
What about the government they didn’t vote for?
Have a niece who recently graduated from high school and lives in Illinois. She asked me for advice, told her two things. One, get a marketable skill and, two, get out of Illinois.
What kind of state punishes those who want to leave?
Ans. A socialist state.
See, East Germany...Soviet Union, etc.
Ha ha! Awww! Private message me a pic if you can. You're blessed! I only have furry children...with goofy kitty names.
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