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Originally Posted by theghost
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.
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Plenty? I would like to see what you classify as real money. I was specifically thinking of frns and bank credit.
Secondly, you can accept anything as consideration that you wish, that is true, but if the frn has no value, are you actually GETTING consideration?
As for the property tax bit, I agree. What you would be doing, by registering, is giving the government a higher security interest than the your own.