How America rewards it's responsible home owners
Here is a quick tale of two homeowners... There are two houses on the same street. Both were built in the same year and both were identical houses. The first house has been owned by Joe for five years. It was a decent house when Joe got it, but Joe has neglected his home, choosing to spend his money on lottery tickets and having a good time. Joe has several kids still at home, but he never makes them mow or do anything around the house. Each year, his home is assessed at an ever decreasing value, meaning that his property tax bill decreases, even though property taxes are primarily used to fund public education for kids like his. The second house was owned by Joe's brother who was an even bigger loser than Joe and he was finally foreclosed out of his house after three years of effort by the bank. Even though the house was just like Joe's when he bought it, he took care of it even less than Joe did. When he lost his job at the mill, and the bank started to foreclose on his m...