[quote=CA renter][quote=ucodegen][quote=sdrealtor]And why is always the prudent renters whose tax dollars are supporting this. News flash, the prudent renters are a very small group and not the big taxpayers. It’s the rest of us prudent owners who make up the bulk of the taxpayers that are supporting this all.[/quote]Maybe the better term is the “Financially Prudent”.. because if you have paid off your house or are renting, you have have no mortgage interest deduction. If you have cash assets, inflation and overall poor return on investments will eat your assets.[/quote]
Yes, thank you, ucodegen.
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sdr,
While owners/non-renters might also be paying the taxes, if they own a house, they are benefitting from the artificially propped-up housing prices. Renters are losing on both ends.
FWIW, contrary to the stereotype, a lot of wealthy people rent for a variety of reasons.[/quote]
Total strawman. If you are going to make generalizations please do so as pertaining to the vast majority not a small niche segment. I am not wealthy but it my community 95% of homes are owner occupied. In most parts of the country, rentals in upper tier homes barely exist at all. Sure wealthy renters exist but they are few and far between. Most also own at least one residence.
Next problem, I and most of my neighbors are long time owners, with small loan balances and no plans to sell anytime soon. Please explain to me exactly how I as a homeowner have benefitted from propped up prices. If anything, lower prices would have allowed prudent homewoners with income and assets to add more rentals to our portfolios. As a group we pay more taxes than the “poor renters” and have been damaged as much or more.
