Property taxes are the biggest freaking rip-off in the world.
You buy a $200,000 house. A couple years later, they say it's worth $250,000. Now you're paying taxes on that. Seven years down the road? It's worth half a million. You're paying taxes on half a million. And you do this every single year.
For what? So the government can get bigger. You're paying so they can take your money and waste it.
Here’s the kicker: if you have money in the bank, a stock portfolio, or an IRA, you're being taxed on that growth every year? No, you're not. Why? Because it's unrealized income. You didn't put that cash in your pocket. Until you take it out, you don't pay tax.
But look at the old people in California right now. They bought a modest house when they were young and kept it. Now that land is worth $7 or $8 million. They're paying taxes on that $7-8 million, which has bankrupted them.
Now they're selling the house they lived in their entire life for no other reason than they can't afford to pay their property taxes. It's a scam.
Property Tax Ripoff: How Rising Home Values Bankrupt Homeowners #RealEstate #PropertyTax #WealthBuilding #FinancialFreedom

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