this post was submitted on 28 Oct 2024
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politics

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[–] [email protected] 9 points 1 week ago* (last edited 1 week ago) (2 children)

That's not inherently true in rural states where the property value math is a lot different. In remote areas, land can only be a few thousand dollars of purchase value, or be passed by family, thus still frequently be inhabited by the dirt poor who have few employment opportunities in said rural areas. I should know, I'm smack dab in the middle of one of said areas.

[–] [email protected] 2 points 1 week ago (1 children)

Property taxes, like basically every other cost to a rental property, just gets passed down to renters as well. It's not like landlords let taxes affect their profit margins.

[–] [email protected] 1 points 1 week ago

North Dakota like many states has a renters refund for those with lower incomes which is designed to at least partially offset that. Limits look to be a bit low but every little bit helps.

[–] [email protected] 1 points 1 week ago

How ownership in North Dakota is actually smaller than the national average.