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Originally Posted by robhalford88
Seeing as there is no REAL money, you can't give consideration in contract. Therefore, you are only really a tenant with enjoyment of use of property, not enjoyment of ownership. The property tax is basically the governments permission for you to reside on that land.
How very marxist, no?
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Not true. First of all, there is plenty of real money out there, if you look for it. Second, consideration can be anything the parties to the contract agree upon. Third, the property tax is not the governments permission for you to reside, the property tax is born the moment the uninformed home buyer (1) registers the sale, and (2) pays the real estate transfer tax stamps. The buyer/consumer does this all by him/herself, albeit ignorant of what he/she is getting themselves into (due to non-disclosure of facts on the banks part). I could go on and on, but these are the first and most relevant points to cover.