Quote:
Originally Posted by BlackCrayon
I can agree that income taxes are a fuck job but think that despite people who earn less, pay less it hurts them just as much as rich, if not more. and i don't know when the last time you rented was but here in canada, things are much different. i own now but a couple years ago was renting a 3 bedroom townhouse built in the 70's for 1200 a month. thats not far off as a mortgage for 275-300k home.
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My mortgage is about 1600 / month, I have a 3.75% APR interest rate (which is is nearly impossible to beat). Total after taxes it is about 2400 / month for just taxes and the mortgage.
We build the house last year, last month I got a suplemental tax bill for about 1500 for proberty value increase or something like that.
On top there is trash, HOAs and all the regular maintenance.
I would love to see where you can get buy a 300K house and pay only 1200 / month. I would probably reconsider investing in real-estate if that is possible.