Re:Housing in the Bay Area
by rconti on Wednesday May 25, 2016 @09:27PM
(#11774575)
I'm a lowly wage slave homeowner, but I support this.
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Re:Housing in the Bay Area
by realkitkat on Wednesday May 25, 2016 @10:27PM
(#11774842)
Ditto. If only we could next rationalize and overhaul our property tax system / prop-13[1] of 1978. Then we might have a fighting chance of [ more ] affordable housing.
Maybe instead of paying linear tax based on purchase price, we could implement a reverse logarithmic scale for property tax % based on state / national / something average sales prices / sqft that would be re-assessed yearly. And then either apply that to all new home purchases, and when enacted, allow existing home owners to opt-in ( recent buyers ), or opt-out.