I mean this not cool ! you buy a piece of land and it can be taken from you because you can't keep up with inflation... because you have a frugal life sustain by minimal income... it's very unjust... what do you think of the prorpiety tax ?
Do you own the land or not? or is it just a lease? at least be clear from the title...
that's the nuke in the real estate market...
This is not problem only in the US. In Eastern Euroupe we have the same problem, at this point in my city there is possibilty that the tax will go up drastically and we wont be able to pay it. Yes we have large house but we paid for the land, we poured sweat and money thru the years to build the house we live in and now we have to pay tax, this is just stupid and injustice. OKay, it is reasonable to pay some tax as part for street reconstruction and lighting but in some cases the tax is just ridiculously high, not every one who has built their homes can afford to pay the tax.