[quote=CA renter]The amount you overpay for a house as a result of govt-intervention (and you’re paying extra in RE taxes, income taxes, higher commission/transaction costs, AND higher housing prices) is likely to be far, far, far more than you’ll ever pay toward public servants’ retirement/compensation in your lifetime.[/quote]
Do you have numbers to back up this assertion? As I run the numbers in my earlier post WRT to the pension numbers TG provided. An average of pension at $28k/year comes out to $800k-$1M over 30-40 years of receiving such benefits. A $100k/year pension comes out to $3M-$4M over 30-40 years. Can you provide numbers to how much an average person is overpaying in their house? I love to see the “far, far, far more…” numbers.
BTW, just to keep in mind, lower taxes = lower funding for public services. How much worse would the pension short fall be if there’s less tax money coming in?
