Who Really Owns Your House?

     "It may be the government," writes Andree Peterson in WORLD magazine. 

      "These days, young people can't buy houses, and retired people have difficulty holding on to them. For seniors, mortgages were paid off long ago. We own them free and clear...or do we? We can still lose them. An estimated 42 million homeowners are in danger of going bankrupt.

     "In all states, K-12 schools rely on revenue from property taxes. The appraising district sets the value of your house - often inflated - for taxing purposes. The legitimate worth of your house is thus fraudulently overvalued, which gives the taxing entities an extra few thousand dollars worth of value to play with. 

     "What makes your house worth more than it was five years ago? It may be nothing. It happened because school districts are borrowing money and using your house as collateral. Money also goes to many NGO's with names like Interfaith Action of Greater St. Paul, and American Indian Family Center. 

     "You have now entered the big boy world of federal markets, of $23 trillion in property overvaluation affecting every home in the country...and of compound interest that can never be paid off. On a fixed income, this is unaffordable. 

     "One of President Trump's proposed affordability measures is to repeal property taxes. Good for him. How about we get local schools out of the bond business and have them overate on a cash-only basis?"

Who really owns your house? "The earth is the Lord's and the fullness thereof." - Psalm 24:1