Property Tax Revolt?

[tracysaboe]

Won't that be hard work for the government employees to count all that money?

Good. Keep them out of our hair for awhile.

Tracy

[Dreepa]

Won't that be hard work for the government employees to count all that money?

They will justify hiring more people.. penny counters.

[Pat K]

Damn your right they probably would use it as anexcuse to hire more people!!

[Dave Ridley]

<<They will still get their tax money. They will merely borrow the money until they can take your house for taxes.>>

Unless there is something keeping them from taking the house.  We need to be thinking about that in case this really happens...what are the things that could keep a state or city bureaucracy from taking a tax protestors house without violating the Zero Aggression Principle?   

[tracysaboe]

People could use guns to defend their property.

Tracy

[KBCraig]

<<They will still get their tax money. They will merely borrow the money until they can take your house for taxes.>>

Unless there is something keeping them from taking the house.  We need to be thinking about that in case this really happens...what are the things that could keep a state or city bureaucracy from taking a tax protestors house without violating the Zero Aggression Principle?   

Perhaps we understand the ZAP differently, but in my mind the principle of "best defense being a good offense" is acceptable, and not a violation of ZAP.

I'm not advocating a first strike against tax collectors, just clarifying that the first use of force can be defensive and not a violation of ZAP. Aggression means the apparent intent and apparent means and ability to do harm. With those elements present, whatever force is needed  is justified.

Kevin

[Dave Ridley]

OK i think we are about to learn from Mike Fisher the proper way to stop any governmnet from enforcing unjust laws.

after watching gandhi I bet we could do all kinds of things in the Gandhi way which would stand between the State and property owners.  maybe walking into the tax office and lying down on the floor refusing to leave?  what other kinds of gandhi style passive resistance would be appropriate against a government coming for someone's property?   

[Dave Ridley]

one thing in the gandhi movie that seemed to work was when the gandhi folks announced they would take over a british salt factory.  They just kept walking toward the factory and getting knocked down as they would come close to it, by soldiers. 

In our case people would more likely just be cuffed and let away, but  if they attacked someone we would win end quicker.

[BillG]

<<They will still get their tax money. They will merely borrow the money until they can take your house for taxes.>>

Unless there is something keeping them from taking the house.  We need to be thinking about that in case this really happens...what are the things that could keep a state or city bureaucracy from taking a tax protestors house without violating the Zero Aggression Principle?   

why not simply take a home equity loan on the apprecaiting value to pay your property tax and never have to take a dollar out of your pocket?

[tracysaboe]

Because the only reason it's apreciating is because of Inflation -- and because even if it isn't, that apreciation is yours -- not the states -- because it's your own property.

Tracy

[Dreepa]

why not simply take a home equity loan on the apprecaiting value to pay your property tax and never have to take a dollar out of your pocket?

and who would make the payments on this loan?

[BillG]

Because the only reason it's apreciating is because of Inflation -- and because even if it isn't, that apreciation is yours -- not the states -- because it's your own property.

what is inflation running at these days? 1-2%

what are houses appreciating at these days in NH? 2-4%

[BillG]

why not simply take a home equity loan on the apprecaiting value to pay your property tax and never have to take a dollar out of your pocket?

and who would make the payments on this loan?

With a reverse mortgage, you remain the owner of your home just like when you had a forward mortgage.

When the loan is over, you or your heirs must repay all of your cash advances plus interest.

You can use the money you get from a reverse mortgage to pay the various fees that are charged on the loan. This is called "financing" the loan costs. The costs are added to your loan balance, and you pay them back plus interest when the loan is over.

[Ron Helwig]

Because the only reason it's apreciating is because of Inflation -- and because even if it isn't, that apreciation is yours -- not the states -- because it's your own property.

what is inflation running at these days? 1-2%

Sure, it's only 1-2%; and I've got a bridge to sell 

The government has been understating inflation for decades. It is an art for bureaucrats these days. Imagine if anti-social insecurity had to use real inflation figures for COLAs - it would likely already be paying out more than it is taking in.

Reports I have seen seem to indicate that inflation is more around 5-6%.

[BillG]

Reverse mortgages are currently only available to seniors with paid off homes.? Three years ago we looked into the program available throught New Hampshire Housing Finance Authority.? ?The reverse mortgage note interest equated to over 12%.? ?Family members can do a better job with their parents' financial situations than a loan like this.?If there are not other sons or daughters to help----this does allow seniors freedom and dignity in their golden years.? Many seniors would not take help. ?Caveat emptor.


Equity lines of credit have stupid teaser rates for stupid people.? The home equity line of credit(Heloc) is adjustable rate paid over 15 years.? ?Only people with very good good credit are able to get them.

The best long term strategy is to make one extra principal payment per year on a 30 year fixed rate mortgage (as long as mortgage has no prepayment penalty).? ?A 360 month amortization can be paid off in approximately 264 months (22 years).? ? ?Stay away from interest only balloons and any other form of adjustable rate mortgage.

The only way to true financial freedom is to get out of credit debt as soon as possible.?

In a forward mortgage, you use debt to turn your income into equity. In a reverse mortgage, you use debt to turn your equity into income. You are reversing the deal you used to buy your home. Then, you had income and wanted equity. Now, you have equity and want income. In both cases, you use debt to turn what you have into what you want.

Reverse mortgages are different from regular home mortgages in two important respects:

To qualify for most loans, the lender checks your income to see how much you can afford to pay back each month. With a reverse mortgage, however, you don't have to make monthly repayments. Thus, your income generally has nothing to do with getting a loan or determining the amount of the loan.

With most home loans, you can lose your home if you fail to make your monthly repayments. With a reverse mortgage, however, you can't lose your home by failing to make monthly loan payments because you don't have any to make.