alt Hacker NewsI saw a post on YouTube about how someone's dad was struggling to pay their property taxes. One of the comments went like this:
"America, where you can spend your entire life paying off mortgage and then still be one missed tax payment from losing it all."
Is that true and how is this not perpetual serfdom if you can't ever really own a home?
Replies
derwiki • today at 2:14 PM
Surely one missed tax payment is not enough for the government to evict and assume ownership? I see these cases in SF occasionally and it takes years of non-payment.
s1artibartfast • today at 2:08 PM
Because Serfs didnt own the land. Lords did but had taxes.
> Is that true and how is this not perpetual serfdom if you can't ever really own a home?
https://phillipslytle.com/a-review-of-new-yorks-response-to-...
Until 2023, some (many?) would sell off your house and pocket the difference, even if it exceeded the tax liability!