Re:Housing Can’t Be Both Affordable and a Good Investment (2...
by pcwalton on Thursday May 02, 2019 @10:56AM
(#19808537)
That's Prop 13, and it's one of the worst public policies in the United States.
The tax break wouldn't be so bad if it only applied to primary residence, was means-tested, and couldn't be passed down to children. Regardless, though, homeowners tend to be more well-off than tenants; they shouldn't be receiving tax breaks in the first place.
The tax break wouldn't be so bad if it only applied to primary residence, was means-tested, and couldn't be passed down to children. Regardless, though, homeowners tend to be more well-off than tenants; they shouldn't be receiving tax breaks in the first place.