Re:Silicon Valley's housing crisis, in one sentence
by goseeastarwar on Tuesday June 07, 2016 @05:41PM
(#11858152)
There's a simple solution:
The city puts on the lien on the home for the value of the accumulated rise in property taxes. Once the owner dies, family members sell the house, and pay off the lien.
I have no idea why Prop 13 was created when the aforementioned solution allows grandma to stay in her house without destroying the housing market in the process.
The city puts on the lien on the home for the value of the accumulated rise in property taxes. Once the owner dies, family members sell the house, and pay off the lien.
I have no idea why Prop 13 was created when the aforementioned solution allows grandma to stay in her house without destroying the housing market in the process.