And that typically dodges the real issue .. it is "property" taxes which are
the real burden.
Almost all property taxes are based on "appraised value", so any
improvements, no matter what scam is used to make them, will result in an
increase in the property's value, which results in higher taxes.
Many of the families are given sums of money or have the mortgage go away
or both. The kids usually get college scholarships.
I would bet in most cases the increased property taxes are not going to be
any more than the old property taxes and mortgage payments.
Someone whose life is changed by a new house, maybe a new car, and a wad
of cash should be able to figure out how to pay the taxes once the money
runs out. For the familes that get $100k, they could put it in a bank CD
and make enough interest to cover a $4,000 tax bill.
I give up, how many?
You're running rabbit trails ... read my statement in the context in which
it was written as a reply - as answer to the bullshit about "federal and
state" taxes being taken care of - not as you're trying to twist/spin it.
While I generally don't appreciate their work, it is definitely possible.
I saw a video of an effort I believe in San Diego where they were trying to
set a world record for building a house in record time. It took over 18
months to plan and 750+ workers but they literally built this house in under
3 hours (I forget the time but it was under 3 anyway). They made use of
fast curing materials and worked in expert precision....obviously, 18 months
gives a lot of practice. It really was pretty incredible to watch even if,
at the end of the day, I wouldn't have lived there! They had inspectors
there checking everything as they went and at the end, they issued the
occupancy certificate. Judging by the hair cuts, it appeared they did this
in the 70's sometime.
Anyway, I personally think the show is crap and is more about the emotional
aspect vs. renovation so I don't watch it.
The home they just built in a week is near where I live, they did build it
in the time they stated, in the rain a large majority of the time. They had
people working on it 24 hours a day.
Of course they have it planned out ahead of time, it is VERY orchestrated
and planned to meet deadlines, many local companies and contractors were
involved, and the local news followed it very closely.
For the most part, what you see is what really happened.
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