In a city that has raised taxes by almost 25% over the past half-decade, the mayor has made the obvious suggestion: use your home’s equity to hand over your wealth to keep the city’s gravy train going.
You will own nothing and be happy.
⚡South Portland Mayor Misha Pride tells seniors to take out a reverse mortgage to afford the city’s sharp increase in property taxes. pic.twitter.com/auJK1pzAdt
— The Maine Wire (@TheMaineWire) September 23, 2024
It’s a brilliant solution if you think about it. You worked all your life to buy your house outright, happy that you can pass along the value to the next generation.
But really, wouldn’t you rather keep the government bureaucrats happy instead? The children of the community are the children of the community, which means that your children belong to the government, just as your home should too.
During discussion on the proposal of…
