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A comment on California lawmakers have tried for 50 years to fix the state’s housing crisis. Parent comment

Re:California lawmakers have tried for 50 years to fix the s... by karthikb on Monday December 25, 2017 @12:59AM (#16002909)
Because of prop 13, the ones who move in today will actually pay a lot more in taxes than the ones there today. Up to 2-3x - which means the newcomers will catch up to the older neighbor’ tax contributions within a few years.
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Re:California lawmakers have tried for 50 years to fix the s... by YokoZar on Monday December 25, 2017 @02:15AM (#16003129)
2-3x? Try 10x. A lot of those living in million dollar homes purchased in the 70s at sub 100k prices, and are still paying based on that valuation. Or their children are, since Prop 13 lets your kids inherit the right to pay 1/10 the property taxes as newcomers.
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Re:California lawmakers have tried for 50 years to fix the s... by afpx on Monday December 25, 2017 @01:10AM (#16002944)
I’m actually for raising all property taxes (edit: including mine) if it helps decrease demand. I’m willing to pay a lot more taxes.
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