“Not exactly. When one gets a “home equity loan”, they are effectively selling their residence again. The value should be reset to the appraisal used to get the home equity loan.”
No they arent selling it. They are securing a load with their property. Big difference.
The real question is what the heck is our govt doing with all this money.
That is indeed the question of the times we live in. It would be a real eye-opener for the newspaper to print a line item budget for a county the size of the bigger counties in Florida. It would shock us to know some of the silly things our government is paying for. Their attitude is that because it’s not ‘their’ money that it doesn’t matter. Nothing is a dangerous to us taxpayers as the OPM (other people’s money) mindset that government exhibits at every level.
The answer is not more income for these imbeciles, but rather less, and I mean WAY less, out go!
I fear we are losing any hope of getting a handle on government spending from top to bottom.
> No they arent selling it. They are securing a load (sic) with their property. Big difference.
The home owner is in effect “realizing” the (supposedly) increased value of their property. Once the property is put back into the economic realm, to be “fair”, it should be taxed at the recognized value.
Just my opinion.
And yes, the real answer is that less spending on the governments part would make the question moot.
The real question is what the heck is our govt doing with all this money.
Blowing it on crap...