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Date Posted: Wednesday, August30, 09:18:am
Author: Balanced
Subject: Re: Another candidate for Mayor.
In reply to: a Bigger clique 's message, "Re: Another candidate for Mayor." on Monday, August28, 06:23:pm

Exactly. What kind of equity could be expected for a $60grand tiny house? If paid for in cash, as you suggest, that cash would be considered a waste because for that same cash you could go to any bank and they would gladly loan you another $240grand that might almost afford you a full size house. The problem with that, as you also suggest, is that all it does is play into the endless debt scam that grows infinitely without an end in sight. I noticed driving by the city pool construction that it was being paid for with grants and "bonds". More debt passed on to the youth- that this pool is supposedly benefiting. Has anyone dared do a cost analysis that includes the cost benefit over the amount of time the debt(bond) is in place? Of course not, because it wouldn't add up. Problem is this is how our country operates- as you also point out in a roundabout way. Our city is simply a pawn in the greater practice of runaway inflation caused by out-of-control debt. As someone who's lived here for over 10 years, who's owned a property here and in that time taxes have doubled, it is obvious that I will no longer be able to afford to live here for another 10 years without chasing my tail.

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