Pernell "Sweet Pea" Whitaker TKOs His Mother In Norfolk Court

[UTEP]

WTF??? Sweet Pea sniffing that shyt again?

[CubanGuyNYC]

It's another example of how a house tends to be a nonstop liability rather than an asset. Property tax is a mother****er.

Please don't think that way. A house is an asset by it's very nature. Everyone should strive to own their own home. If you choose not to keep up with your responsibilities, then you are making it a liability. There's maintenance, property taxes and homeowner's insurance, but you get much more than renting in the long run.

[CubanGuyNYC]

Taxes arent high in the 7 cities. I used to live there. I am a homeowner in huntsville, a comparable area.. my tax is 560 a year on a 150k house.

There is also a retired nfl player in that family. Taxes werent the problem.. coke is.

but I can see you are determined to defend this.

Is that for a single family home? If so, that's beyond cheap.

I'm familiar with property taxes in four states. For the purposes of illustration, we'll use a $300k home as an example. In Williamson and Travis counties in Texas, you would be paying over six thousand a year. In central Florida (Orange, Osceola, etc.), you would be paying about four. In New York (Sufflok, Nassau, Westchester, Putnam, etc.), you would be paying between seven and eight. And in Las Vegas, Nevada (Clark county) you would be paying about four.

A retired NFL player in the family means nothing. Some of the highest paid athletes in the game wound up broke, let alone an unknown player.

[Holywarrior]

Pea has bad personal demons so this isn't terribly surprising. This is very sad though, not going to rag on him just going to wish him and his others the best.

[radioraheem]

Please don't think that way. A house is an asset by it's very nature. Everyone should strive to own their own home. If you choose not to keep up with your responsibilities, then you are making it a liability. There's maintenance, property taxes and homeowner's insurance, but you get much more than renting in the long run.

It's a liability to me because it's a guaranteed infinite expense. And I say this because after the expensive mortgage is paid off, the property tax is forever. Whether or not it's better than renting is depends, based on so many things. Some not even of your own control.

I like real estate in other countries, where once you buy the home, it's yours. There's no property tax and other fees forever haunting you. Only thing you have to do, or not do, is keep up with maintenance.

[radioraheem]

Taxes arent high in the 7 cities. I used to live there. I am a homeowner in huntsville, a comparable area.. my tax is 560 a year on a 150k house.

There is also a retired nfl player in that family. Taxes werent the problem.. coke is.

but I can see you are determined to defend this.

That is very, very, very cheap! Unbelievably cheap actually. Because on the east coast (NY, NJ, MA, etc) or west coast (CA), no way are you going to pay that kind of cheap tax. No way jose. A $150K crib, you're going to pay $4K, 5k, 6k, if not more.

I used to live in a crib that was worth $230K or so, and the property tax on that was near $10K. And that was a few years ago. Now, it's probably like $12, 13K

[MrRolltide91]

Damn.........

[beez721]

It's difficult to comment on without seeing the whole picture. Generally speaking if you own a home, but someone is living there, it can be a greater liability. You don't want someone staying in a building and not maintaining it, and or incurring other costs.

whitaker is the only pro boxer ive met that was totally rude to me. hes a piece of crap in my view and this only cements it for me

[Syf]

Is that for a single family home? If so, that's beyond cheap.

I'm familiar with property taxes in four states. For the purposes of illustration, we'll use a $300k home as an example. In Williamson and Travis counties in Texas, you would be paying over six thousand a year. In central Florida (Orange, Osceola, etc.), you would be paying about four. In New York (Sufflok, Nassau, Westchester, Putnam, etc.), you would be paying between seven and eight. And in Las Vegas, Nevada (Clark county) you would be paying about four.

A retired NFL player in the family means nothing. Some of the highest paid athletes in the game wound up broke, let alone an unknown player.

That is very, very, very cheap! Unbelievably cheap actually. Because on the east coast (NY, NJ, MA, etc) or west coast (CA), no way are you going to pay that kind of cheap tax. No way jose. A $150K crib, you're going to pay $4K, 5k, 6k, if not more.

I used to live in a crib that was worth $230K or so, and the property tax on that was near $10K. And that was a few years ago. Now, it's probably like $12, 13K

Yeah it was like 560 this year. Single family. And Ive put improvements into the place so its probably worth more now seeing as I havent had it appraised since I bought it and I bought the house when the housing market was at a low.

Besides all that.. its a moral issue for me. Id sooner own only the clothes on my back than renege on a gift to my family. Maybe that's just me.

[Ray*]

******* is a hell of a drug.