Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: The 1 Percent Is Buying Up All Of The Low End Real Estate [View all]ieoeja
(9,748 posts)37. Property taxes are on assess values, not actual prices.
The house was only $5,000. But as it is in a nice suburb of Chicago, its assessed value is in the hundreds of thousands.
I am doing well. But not well enough to pay a million dollars for a home primarily just to get the guy out of my basement.
His best friend and I have finally gotten him trying to do something. Specifically, we got him to apply for SSI. I'm no doctor, but he is defnitely not the same guy I used to know. I've had friends and family endure long term unemployment before. I've seen how it saps the life out of them.
But this is different. He seems incapable of sustaining anything for more than a day at most. He even keeps failing to renew his food stamps which only takes a few minutes each month. I got him into counseling once. Never made it back a second time. He needs help, and I'm not the right person.
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
40 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Yes, those poor widows and orphans that rely on these private equity funds for their income...
Scuba
May 2012
#7
When everyone is employed, what do you do with all that job-creatin' cash? n/t
lumberjack_jeff
May 2012
#5
The smaller investors don't have the money to come into the market..........
socialist_n_TN
May 2012
#12
The shift from federal income taxes to local property taxes is what keeps me out.
ieoeja
May 2012
#14