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> The reality is that …

People in different countries experience different realities.



Not really. By definition if your property value rises by 10x you have enough money to pay the property taxes by leveraging your home. Sure, it means you'll have to sell when you die and won't be able to pass on the house to your heirs. But the meme, "elderly homeowner becomes homeless because his home became super value" is just a fiction. It's not that the homeowner can't pay the property taxes - he's got plenty of value in his home. It's really the children that want to inherit a valuable home but don't want to cover the tax back payment.


Just in case it was not clear, my comment was about

> The reality is that the same thing, in effect, happens if you stop paying property taxes. The tax builds up, etc.

and in many places worse things will happen to you if you stop paying property taxes.




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