15 Epigrams to live by

Epigrams- they were engraved on statues, the walls of homes in Pompei, and even on the rock of the Temple of Apollo. Think of them as the ancient predecessor of today’s memes. An epigram is a pithy saying often packed with wisdom or humor – it’s often written in verse. Just as many on social media find memes irresistible, epigrams still carry weight in the twenty-first century. As the famous poet and playwright Oscar Wilde puts it, “I can resist everything but temptation”. So let’s indulge our appetite for some famous, insightful, and irreverent epigrams.

  1. “An economist’s guess is liable to be as good as anybody else’s” – Will Rogers
  2. “The best revenge is not to be like that.” -Marcus Aurelius
  3. “Character is fate.”- Heraclitus
  4. “Action expresses priorities.” -Mohandas Gandhi
  5. “If you can’t be a good example, you’ll just have to be a horrible warning” – Catherine the Great
  6. “This is not your responsibility, but it is your problem.” – Cheryl Strayed
  7. “You never know who’s swimming naked until the tide goes out.” – Warren Buffett
  8. “Live as if you were living a second time, and as though you had acted wrongly the first time.” – Viktor Frankl
  9. “Justice delayed is justice denied” – Unknown
  10. “Expectation is the root of all heartache.” – William Shakespeare
  11. “Be curious, not judgmental.” – Walt Whitman
  12. “Education isn’t something you can finish.” – Isaac Asimov
  13. “We are all broken- that’s how the light gets in.” – Ernest Hemingway
  14. “You may have to fight a battle more than once to win it.” – Margaret Thatcher
  15. “And now that you don’t have to be perfect, you can be good.” -John Steinbeck

 

 

 

The Dark Side of Property Taxes

seniors rising property taxes

Reverse mortgage lenders and originators typically discuss property taxes in terms of non-payment, delinquencies, and in worse-case scenarios a technical default. However, there’s another property tax risk that can displace older homeowners who may forfeit their hard-earned accumulated equity- increasing property tax rates.

In June, Rocket Mortgage ranked the states with the highest property tax rates. The five most expensive states for property taxes are New Jersey, Illinois, New Hampshire, Connecticut, and Vermont. While most states have several property tax exemptions for seniors, those with disabilities, and veterans many older homeowners continue to find themselves in the unenviable position of having to choose to pay the taxman or cover living expenses. 

Lawmakers have attempted to respond to the hardships property taxes impose on some seniors. Some states, like California, have property tax postponement programs that postpone payment until the homeowner moves, dies, or the title is passed onto an ineligible party. Other states have enacted programs that are targeted to assist seniors with few assets and low incomes which include property tax breaks for homeowners over the age of 65.

The challenge is tens of billions of dollars of property tax aid are going unused each year, says Josh Hodges, a chief customer officer with the National Council on Aging. “You’ve earned these benefits,” Hodges said. He encourages older homeowners to think of the property tax assistance programs “like their Medicare, like their Social Security.”

While reverse mortgage professionals want to originate loans, they also care deeply about the older homeowners in their community, many with whom they’ve forged a personal connection with. Consequently, reverse mortgage originators should be aware of those who provide counseling and benefits coordination for seniors who are struggling to pay their property taxes. A good place to begin is for the originator to understand the program’s requirements and process. Next, is to forge a relationship where you can serve as a potential solution for those who don’t meet the eligibility requirements to receive property tax assistance.

In a future segment, we will examine the challenge that rising homeowners insurance premiums for homeowners of all ages.

Additional Reading:

Property Taxes By State: A Comparative Look At The Highest To Lowest States

Older Americans miss out on billions of dollars in benefits as inflation takes a toll

 

-Shannon Hicks