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Thread: Property Tax Bills - how do I make the most of 'em(in terms of miles)
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Old Nov 23, 2003 | 1:48 pm
  #14  
IMStill4Travel
 
Join Date: Dec 2002
Location: SAN and before that...EWR....AA EXP (3MM)..HH LIFETIME DIAMOND..AVIS PREFERRED PLUS
Posts: 678
I fail to see your point.Aren't property taxes figured into the tenants rent either directly or indirectly? So technically...the property owner physically pays the taxes...but is subsidized by the tenant. I should hope so. When it's time to vote...then who would you say should be allowed...tenants (who subsidize the owners and actually live there.) or..the owners...(who actually own the property.)...tough question. I'd like to say this also...we have to remember that renters/tenants don't ever own their property....thus...are never going to realize any capital gains from such (which,in Cali,can be HUGE! ).
The write-off of mortgage interest helps soften the blow of property taxes as well.
So..IMHO...I like to look at it as the "price you pay" for equity.



[This message has been edited by IMStill4Travel (edited Nov 23, 2003).]
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