Re:The New 30-Something
by gedy on Monday March 04, 2019 @04:08PM
(#19305512)
That's nonsense, prices were ballooning in California before Prop 13, and was in response the great inflation in the 70s.
Property taxes do go up in California, just not at the speculative price increases due to tiny interest rates and investors.
If you want to find fault, blame interest rates and people paying the maximum monthly payment based on tiny interest rates, and ignoring the ridiculous house prices.
Property taxes do go up in California, just not at the speculative price increases due to tiny interest rates and investors.
If you want to find fault, blame interest rates and people paying the maximum monthly payment based on tiny interest rates, and ignoring the ridiculous house prices.