Re:How Property Taxes Shape Our Cities
by cascom on Tuesday July 03, 2018 @05:08PM
(#17453636)
How many people would no longer be able to afford to live in their home if prop 13 were to be repealed?
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Re:How Property Taxes Shape Our Cities
by TheRealDunkirk on Tuesday July 03, 2018 @05:14PM
(#17453664)
The bigger question to me is: would the housing market have gotten so ridiculously over-priced if the tax rates had not been capped in the first place?
If the housing market is so overpriced you should short it - CME has futures.
But my main point is that it seems unfair (for lack of a better word) to force someone to have to sell their home because it’s paper value has increased.