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Houses are for living, not for speculation (en.wikipedia.org)

submitted 2 months ago by eah@programming.dev to c/wikipedia@lemmy.world

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[–] LovableSidekick@lemmy.world 6 points 2 months ago* (last edited 2 months ago)

That's always been my attitude. Yet the property taxes on the house I've lived in for 35 years keep going up based on what somebody else would pay for it if I sold it. Paying tax on the money I make if I ever do sell the house would make sense to me, but until that ever happens I'm being taxed on a number determined by real estate speculators. So what the actual fuck?