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Re:California Approves Statewide Rent Control by zepto on Monday September 16, 2019 @03:48PM (#20987875)
Nobody is guaranteed a profit from housing.

Just like any other asset you can pay too much, buy something unsuitable, or mis-predict market forces.

Are you against private ownership of property outright?

Do you favor being taxed on the value of other things you own, how about your laptop, stove, etc?

Re:California Approves Statewide Rent Control by fountainofage on Friday September 20, 2019 @12:50AM (#21023417)
I'm very much for private ownership of property, not sure why you would think otherwise. All I've said is to do what just about every other state does: if your property is worth $200k, you pay $2k that year in property taxes. If it's worth $2 million, you pay $20k. This isn't hard, and it isn't controversial.

Edit: just to appeal to authority: every single legitimate economist agrees with me on this as well.

Re:California Approves Statewide Rent Control by zepto on Monday September 23, 2019 @08:57PM (#21055427)
Why is a home different from everything else you own?

Other states may do this, but many other countries do not.

Why shouldn’t you be taxed on the assessed value of your laptop and car each year too? How about your savings account? Shouldn’t that be taxed?