INTERVIEW How Would You Like to OWN Your Home Instead of Renting It Forever
The David Knight Show
David Knight
4.6 • 765 Ratings
🗓️ 27 August 2024
⏱️ 58 minutes
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Transcript
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| 0:00.0 | As you pointed out, I believe that you can never truly own your property if you are under the threat that the government can take it from you because you fall behind on your semi-annual rent payment to them. |
| 0:16.3 | They call property taxes. |
| 0:18.8 | So I believe that we need to do away with this tax in perpetuity. |
| 0:26.1 | So I've said in Indiana, we have a 7% sales tax. |
| 0:31.3 | So let's make it seven years. |
| 0:34.0 | 1% of the purchase price for seven years maximum. Now, if you can pay that at closing, |
| 0:43.0 | either in cash or by rolling it into your mortgage and amortizing it over a 30-year period, |
| 0:49.7 | then you're done. If you can't, you pay it 1%, escrowed into your mortgage like you're doing now. |
| 0:59.3 | Mm-hmm. |
| 0:59.7 | And at the end of seven years, you're done. |
| 1:07.7 | All right, folks, and if you want to defend the American dream, you better start locally. |
| 1:11.3 | And that's why we're going to talk local and state government. |
| 1:14.0 | That's why I was open to, I interviewed Donald Rainwater, who had run for governor in 2020. |
| 1:21.8 | We've talked about what was happening during that period of time. |
| 1:25.5 | And he got national attention because he jumped up so high in the polls because he's about |
| 1:30.7 | the only politician in any party that was really tackling this pandemic nonsense. |
| 1:37.5 | And he did a great job of doing that. |
| 1:39.1 | And so he is back and he is running for governor yet again. |
| 1:42.1 | The rainwater for Indiana.com. |
| 1:45.7 | Rainwater and it's F-O-R. Indiana.com is his website. |
| 1:50.6 | But we're going to talk about why he's running, what the issues are. |
| 1:53.0 | So thank you for joining us, Donald Rainwater. |
... |
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