Thursday, July 12, 2007

One of life's pyrrhic victories

The army of King Pyrrhus of Epirus had suffered irreplaceable casualties in defeating the Romans during the Pyrrhic War in 280 BC. Pyrrhus said that one more such victory would utterly undo him.

I got my New Jersey State property tax rebate form in the mail on Monday. With it, I can apply for a 20% rebate on my property taxes. For me, that amounts to about $375. On Tuesday, I got a notice from my mortgage company informing me that my monthly payment was increasing by $50 to cover the cost of my increased property taxes. On Monday I was up $375, and by Tuesday I was down two and a quarter. If I get another rebate I won’t be able to pay my taxes.

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