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Economy

Native

(7,190 posts)

7. and even if you own your home outright, what about property taxes?

Reply to chowmama (Original post)

Wed Mar 5, 2025, 04:37 PM

Mar 2025

Because Krasnov is ending so much of the federal dollars that states get, from education to disaster relief, that money is going to have to come from somewhere else. And if spending decreases, so does sales tax revenue. Where are states going to get their money? I'm guessing increased taxes on property and income. You may not owe the bank, but if you can't pay your taxes....

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I was trying to explain to DH what I think is going to happen with housing, owned and rental, in this current insanity. [View all] chowmama Mar 2025 OP

My neighborhood in small town Texas SARose Mar 2025 #1

And here I'd been thinking that since my home PoindexterOglethorpe Mar 2025 #2

Some economists are predicting stagflation like in the '70s and early '80s. Ocelot II Mar 2025 #3

Very good explanation. I agree with all of it. everyonematters Mar 2025 #4

So the plan is working. usonian Mar 2025 #5

I agree. I think a recession by June, full blown depression by Labor Day. ms liberty Mar 2025 #6

and even if you own your home outright, what about property taxes? Native Mar 2025 #7