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Re:How Property Taxes Shape Our Cities by xyzzyz on Tuesday July 03, 2018 @01:01PM (#17451835)
I'd imagine a ton of the people who bought at $500k can't afford $1600/mo on top of their mortgages.

I wish I had a problem like this — I could just sell the house, cash in the profit and retire...

Re:How Property Taxes Shape Our Cities by eanzenberg on Tuesday July 03, 2018 @01:13PM (#17451936)
There's plenty of people that don't want to do that or can't due to poor and ailing health, and convenience to where they live.

Kind of interesting there are those who want certain people kicked out of the area (elderly homeowners) but not others (homeless).

Re:How Property Taxes Shape Our Cities by xyzzyz on Tuesday July 03, 2018 @02:37PM (#17452648)
There are plenty of people of poor and ailing health, who don’t even have an option to do that, because they are paying high rents due to policies that protect homeowners’ profit.

I don’t want to kick anyone out of the area, but I don’t think people who made a million of dollars (in the example above) are the ones who need the protection the most.

Re:How Property Taxes Shape Our Cities by eanzenberg on Tuesday July 03, 2018 @03:14PM (#17452884)
Consider many homeless move here (SF) because of how lucrative panhandling is, along with other services.

Numerous elderly have trouble moving due to their poor health. Forcing them to sell is akin to an early death sentence.

Re:How Property Taxes Shape Our Cities by xyzzyz on Tuesday July 03, 2018 @04:14PM (#17453308)
They can mortgage their houses to pay the property tax. Having >$1M of accumulated wealth can help with many problems, you know.

I’m not sure why you keep talking about homeless though.

Re:How Property Taxes Shape Our Cities by s0rce on Tuesday July 03, 2018 @01:18PM (#17451964)
Offer a tax credit to elderly or disabled if absolutely needed. Don't fix rate increases across the board and for corporations.
Re:How Property Taxes Shape Our Cities by toasterlovin on Wednesday July 04, 2018 @12:25AM (#17455258)
If the choice is between the older generation having to relocate and young people trying to start families having to relocate, I am very much of the opinion that the older folks should take one for the team.