Quote:
Originally Posted by glowrock
Oh, thanks so much for the condescending comments. Since I'm a renter, I obviously don't comprehend the concept of property taxes and how wealth-building and management and leveraging occurs.
God, sometimes I realize how much I truly DESPISE this forum, sometimes.
Aaron (Glowrock)
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I'm not being condescending. I'm explaining to you the difference in mindset between someone who rents versus someone who owns. Up until two years ago, I rented, and I never paid attention to property taxes, or local gov't policy nearly to the extent that I do now. Why? Because I own a condo now.... which means I am invested into the place I live in. When you rent, you are not invested at all in where you live. Yes, you care about the quality of the building, your neighbors, etc, but it's nothing compared to when you own. Why? Because you have the luxury of simply walking away from it when you lease is up.
Again, I love Chicago. If this pandemic happened to me with my current company 5-10 years ago, I probably would take advantage of remote work and just move to Chicago and work remotely permanently while renting. But, now that I own and want to continue to own, if I were to move there, it would entail buying a place. But, amount of money I would pay in taxes monthly (along with the other local taxes), and uncertainty given everything that's happening, I won't be making any moves until the city/state get their shit together. If Chicago (and Illinois) cut property taxes tomorrow, reform pensions, and make some assurances that the city is on the right path, then hell yeah I will move there tomorrow. This is especially true given the real estate prices there right now.
Again, not being condescending. Being a renter has it's advantages too, especially if you are single.