Originally Posted By: 2002 Maxima SE
Originally Posted By: OVERK1LL
Originally Posted By: Bill in Utah
When they get a "free" home, they own MAJOR taxes.
I'd bet they had to go and get a loan on the house to pay the taxes and could not afford it.
Most of the time the "needy" people that these shows select can not afford a home (which may be the reason why they don't have one in the first place)
and even more, they do not need to pay full retail for all the upgraded "stuff" that they put in these homes.
Plus the IRS gets lists of FULL RETAIL plus that they base the taxes on.
I'm a pilot and every year AOPA gives away a plane. If I won it
, I would have to sell it right away as I can not afford $200k in taxes or more.
Bill
Bill:
From the sounds of things, they took out a 450K mortgage on the property to "start a business". This is what they are having a problem paying off. Or rather, from the sounds of things, REFUSE to pay on at all.......?????
I'll add that property taxes on a 450K house should be around 4-5K. On top of the house, they were given 100K dollars. That should have been more than enough (working minimum wage jobs and saving) to make ends meet.
Somewhat true. It would be rather odd living in a $450k house and eating macaroni and cheese and driving a 91 beater ..or so I would think.
They should have sold the house and bought down ..paid the capital gains and lived a "smaller large".