Quote:
Originally Posted by Rick Lee
It sure ain't rich where I live. $250k at the height of the housing boom was a down payment, not a home price. And even so, the gov't has no business deciding who's rich and that those people should somehow be penalized for being successful. We should all be taxed at the same rate. If you make 10x what I do, you should pay exactly 10x as much in taxes through a flat tax. Why should renters subsidize homeowners? Why should I be forced to subsidize people who decided to have kids? There should be no deductions. The founding fathers never intended for the gov't. to get into the wealth redistribution business and certainly not into the business of trying to control people's behavior through varying tax rates and loopholes. It's criminal.
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I just did a quick check on Fairfax and Loudon counties and the average single family home price was around $510K. Sure seems like $250K would be a nice "down apyment."
But, you might live in a not so average neighborhood.
