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A comment on Why Haven't Voters Been Buying the Case for Increasing Housing Supply?. Parent comment

Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by jjav on Sunday March 24, 2019 @01:49AM (#19474647)
> (low property taxes AND they never increase)

Under Prop 13, property taxes go up 2% every year.

Sure, that doesn't quite keep up with appreciation in boom years, but not the same as "never increase".

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Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by TheCoelacanth on Sunday March 24, 2019 @09:15PM (#19479686)
A 2% nominal increase every year is a decrease every year in real terms. Annual inflation has averaged above 2% every decade since the 30s, often far above 2%[1].

[1] https://inflationdata.com/Inflation/Inflation_Rate/Long_Term...

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Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by Redoubts on Sunday March 24, 2019 @12:19PM (#19477115)
I wish my tax burden was capped under inflation.
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