PHILADELPHIA | Highrise Development Thread X

[Capsule F]

Originally Posted by screamshatter

you only get the abatement on the renovated amount. The core house is still subject to taxes without relief program assistance. So you’d still be paying pretty expensive taxes to get a house in a safer area that is size wise the same as the newer homes. The. You have a higher mortgage rate bc renovations are viewed as risky by insurance companies, you have higher out of pocket expenses with maintenance in the house, and in my case, i have mobility impaired parents which makes daily life challenging enough, much less trying to navigate that around a renovation.

I honestly don’t know how i’m supposed to take on all this and never get any financial assistance to get ahead. The rich and the poor get so much help but the middle is left with no support. People telling me to work 50-60 hours a week, take care of my parents, and also renovate a house myself so i can have a moderately ok life is just deaf to the challenges that many of us are facing and trying to navigate. It shouldn’t have to be that hard. If philly wants to continue to grow and thrive, we need policies that help build the middle class, and not tear us down.

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