If I ever buy a house I don't want to pay taxes

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If I buy a house, I don't want to pay property taxes. Add it all up and money you spend on taxes is like paying a rent, so there's your benefit of owning a house. And if you don't pay taxes, you lose the house, so the house was never really yours to begin with. Life sucks, really. It's impossible to live in peace. Ah, and did I mention insurance costs? (They are mandatory)

Getting a mortgage. Taxes are around 800$ usd a year. Broken down its about 70 a month. (I think your looking at the wrong area to purchase). Also note since house prices have dropped dramatically - current taxes on some homes may actually be bloated and possibly able to go down. Anyways, if your living somewhere for less than 500 a month your way below rent.

Goodluck.

Note : Other option is a spanish land trust or a indian reservation.

Otherwise if you want, water, food, land, car, home, to shoot a deer, catch a fish - or anything else.
Your going to have to pay the government a fee.

See, in secondlife right now (online game) ... land is going for like 2k for a island (entire sim). And you pay to keep it - every month.
So 2k up front and probably 200-300 dollars in "tiers" a month. So, bleh. You own the land, they own the government, just bend over.

I think it's stupid to keep paying for property tax after it's all paid off.

Don't buy a house in a state controlled by democrates as they are blood suckers, try to go to Kansas, Texas or Switzerland. Good luck in your endeavors. If you need a backup rifleman I will pitch in as needed.

or become a politician, they don't seem to pay taxes, or only if they want to.

Well, when the market recovers you'll make up the difference in equity. I don't know how low the prices are on houses after the bailout, which was supposed to keep the market from bottoming out. If you save a lot of money, get a low mortgage and pay the house off quickly you'll make it up in equity.

Its nice to have a tax system anyways. People think "well, I have a piece of land I inherited, and its mine, but do I want the land, do I want to pay the taxes? Should I sell it?"

In all likelihood its a good way to keep people from holding onto land forever - which would kill any progress. Because if your paying 1500 in taxes for 2 1/2 acres, and someone offers you 200k in cash for the land - your more likely to say sure - just because they see it as a asset and you see it as a pain in the ....

Well your alternative is paying rent which some people class as 'dead' money anyway, so it's a matter of which you find worse. When rental properties are cheap it can be better to rent than own - you don't have responsibilities for repairs, insurance, taxes, council rates etc.

Yeah, when you pay rent you don't get any equity. You don't get anything back. Property is always considered an investment for this very reason :-<
I have a plan. This is what you do:

1. Save up as big a down payment as you can

2. Find a house to buy

3. Buy it.

4. Pay as much of the mortgage off as you can as fast as you can

5. Sell it before it needs major repairs.

One hint: Make sure you buy a house that is really pretty on the outside because people buy them up much more quickly and you'll sell it faster that way =)

duplicate post

Last edited by ooOoOoOAnaOoOoOoo on 25 Feb 2009, 9:46 pm, edited 2 times in total.

yup...it's pretty much a done deal, you have to pay taxes. The taxes (well, around here anyways) go to pay for schools. Expect a major guilt trip if you try not to pay.

Looking back into history who and why was land taxation important.

You do realize that when landlords rent property they include costs like property taxes and insurance in their calculations to determine rent? Therefore, renters do pay property taxes and for the owner's insurance indirectly.

Is it a great option? I have enough Indian blood in me to qualify for Indian tribe membership. Well, then again, I don't quite understand the benefits of blood nor how reservations work.

$2000 for a secondlife island? That's around a dollar per BIT of memory space.

At least in Europe countries which have a low tax on real estate often have enormous taxes on income and the other way around. I think the only exception here are the Scandinavian countries, which have an enormous tax on property and income on the one side and the so-called tax-heavens on the other side.