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submitted 11 months ago by yoz@aussie.zone to c/asklemmy@lemmy.ml

I bought cast iron pan which I think is the best ever purchase I made.

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[-] books@lemmy.world 15 points 11 months ago

Yeah housing gains do nothing for you if you want to stay in the same area.

Theoretically you'll have more equity so you can take out loans, but with high interest rates you'll likely avoid that.. and your property taxes will eventually go up since your home value has gone up.

Hate the fact that my house has gained so much.

[-] CrimeDad@lemmy.crimedad.work 7 points 11 months ago

At least property tax increases usually aren't as bad as rent increases, at least in my experience.

My apparently controversial take is that flat property taxes should be abolished and the imputed rent of a given property should be progressively taxed as income instead.

[-] eran_morad@lemmy.world 2 points 11 months ago* (last edited 11 months ago)

Whatever down payment you put into your house (+ whatever equity you build) appreciates at the rate of housing gains in your area. You protect that capital from devaluation due to inflation. Housing gains can do a hell of a lot for you if you want to trade up in your own neighborhood.

[-] Sacreblew@lemmy.ca 1 points 11 months ago

And insurance goes up now that it would be more expensive to replace.

this post was submitted on 18 Nov 2023
259 points (97.4% liked)

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