Part of the land-owning elite

[JTsyo]

As of yesterday, I've joined the ranks of the America elite, the land owners. No more paying rent to these elites, from now on I pay property taxes instead.
The house is a nice 4 year old colonial with 4 bedrooms in NJ. Figured I would let you guys know so you can expect a few home owning questions from me in the coming weeks and months.

 

[xSauronx]

Originally posted by: JTsyo
As of yesterday, I've joined the ranks of the America elite, the land owners. No more paying rent to these elites, from now on I pay property taxes instead.

as well as your own maintenance, improvements, lawn care...

ive owned
ive rented

im not sure which i like better, but owning is a lot of work. kinda was a drag sometimes

 

[Crono]

NJ, you say? I'm going to drive to your house and steal your stuff, you elite bastard
Congrats on getting a house + property! No land for me, unfortunately

 

[Joemonkey]

oh yeah? well I own AND rent, so there!

 

[TheoPetro]

Just closed on the purchase (that started in march) about 3 weeks ago.

 

[JulesMaximus]

Yes, I own a 2200 sq ft house on a 4000 sq ft lot in North County San Diego. My own little postage stamp of paradise!

 

[evident]

north jersey or south jersey?

 

[Mermaidman]

I almost voted YES, then I remembered the bank owns 'my' house.

 

[IceBergSLiM]

your not elite, the government will just take it when/if it ever needs it. And how does it feel to pay tax on land that you "own" .

 

[SunnyD]

I used to own land. Then I sold it.

 

[HannibalX]

I don't even have a yard, just three stories of townhouse... 3 bed, 3 bath, 2 car garage...

 

[DrPizza]

Originally posted by: JulesMaximus
Yes, I own a 2200 sq ft house on a 4000 sq ft lot in North County San Diego. My own little postage stamp of paradise!

My garden is almost as big as your lot! (Also a member of the elite landowners.)

 

[JTsyo]

Originally posted by: JulesMaximus
Yes, I own a 2200 sq ft house on a 4000 sq ft lot in North County San Diego. My own little postage stamp of paradise!

yea, this is just .15 acres. At least it mean there isn't much of a lawn to mow.

Originally posted by: evident
north jersey or south jersey?

North

Originally posted by: Mermaidman
I almost voted YES, then I remembered the bank owns 'my' house.

Well I get to hold on to the deed, there's just a lien on it.

 

[imported_Imp]

But the real question is: do you own the means of production?

 

[roguerower]

Ole Dirty Jerz. Where at?

 

[Modelworks]

54 acres of forest and fields. Yay for the wildlife that enjoys living there, rent free, while I pay taxes ! Damn deers.

 

[sactoking]

Originally posted by: Mermaidman
I almost voted YES, then I remembered the bank owns 'my' house.

Well, if we want to get technical, the bank owns a Promissory Note secured by real property collateral (aka a mortgage). You own the house. Unless, that is, you've defaulted on the Promissory Note and the bank has executed their rights under said Promissory Note to execute on the collateral, and no bids were placed at the resultant auction. If THAT happened, then yes, the bank would own your house.

 

[FelixDeCat]

Its all fun and games until your property taxes go up.

 

[hanoverphist]

Originally posted by: FelixDeKat
Its all fun and games until new, annoying neighbors move in

fixed

 

[protocol167]

No one really owns their own home or land. It's really just something psychologicaly made up to make one think that they the house or land. You can pay off the house or land and if you don't pay your property taxes the town can take it from you. CYA, there goes your house.

If you really own the house then why are you still paying property tax on something you already paid off and own?

You bought a pair of shoes, tv, bed and paid tax on it and now you own it. Did you ever have to pay taxes on the shoe, tv, bed, etc.... every year. Now that is what you call really owning something.

Just a thought....

 

[Crono]

Originally posted by: protocol167
No one really owns their own home or land. It's really just something psychologicaly made up to make one think that they the house or land. You can pay off the house or land and if you don't pay your property taxes the town can take it from you. CYA, there goes your house.

If you really own the house then why are you still paying property tax on something you already paid off and own?

You bought a pair of shoes, tv, bed and paid tax on it and now you own it. Did you ever have to pay taxes on the shoe, tv, bed, etc.... every year. Now that is what you call really owning something.

Just a thought....

You think you own whatever land you land on
The Earth is just a dead thing you can claim
But I know every rock and tree and creature
Has a life, has a spirit, has a name

 

[tk149]

Congrats!

Now you get to pay all the other fees that go with home ownership...water, sewer, trash, HOA fees, gas, mortgage interest, etc. You'll need a lawnmower, maybe some new appliances (e.g. water softener, washer/dryer), snowblower, etc.

I'm re-mulching this week. I've been meaning to replace the master bathroom fan for a year now. I already did Weed'n'Feed, so I just sprayed Ortho all over the lawn yesterday. I want to run coax cable from the attic down to the living room. Gotta figure out the ethernet mess the last owner left. Supposed to refinish the deck this summer. The money pit never ends.

That being said, there really is nothing like owning your own home. If you're like me, then you have a lot to learn. :thumbsup:

 

[Drako]

I'm a property owner, but I'm not "elite", so I voted no.

The idea that you have to be elite to be a property owner is just communist propaganda.

 

[lozina]

Originally posted by: hanoverphist

Originally posted by: FelixDeKat
Its all fun and games until the state decides to construct a prison next door

fixed

re-fixed

 

[dud]

Originally posted by: Crono

Originally posted by: protocol167
No one really owns their own home or land. It's really just something psychologicaly made up to make one think that they the house or land. You can pay off the house or land and if you don't pay your property taxes the town can take it from you. CYA, there goes your house.

If you really own the house then why are you still paying property tax on something you already paid off and own?

You bought a pair of shoes, tv, bed and paid tax on it and now you own it. Did you ever have to pay taxes on the shoe, tv, bed, etc.... every year. Now that is what you call really owning something.

Just a thought....

You think you own whatever land you land on
The Earth is just a dead thing you can claim
But I know every rock and tree and creature
Has a life, has a spirit, has a name

I loved that song ...

You pay taxes on your property for fire, police, schools, etc. Those are just some of the things that your property taxes can/may pay for.