News for hackers. Stuff that matters.

A comment on How California Became America’s Housing Market Nightmare. Parent comment

Re:How California Became America’s Housing Market Nightmare by malvosenior on Wednesday November 06, 2019 @01:38PM (#21465546)
It's not a windfall if you live there for 35 years and don't sell. It's just your home.
[ Parent | on HN ]
Re:How California Became America’s Housing Market Nightmare by rcpt on Wednesday November 06, 2019 @07:45PM (#21469298)
Just because it's not a cash asset doesn't mean it's not an asset. There are myriad of financial instruments to work with.

Increased property values translate to increased borrowing power.

[ Parent | on HN ]
Re:How California Became America’s Housing Market Nightmare by malvosenior on Wednesday November 06, 2019 @08:08PM (#21469439)
Why should people be forced to get in debt to keep the house they've already paid for?
[ Parent | on HN ]
Re:How California Became America’s Housing Market Nightmare by nerfhammer on Wednesday November 06, 2019 @10:03PM (#21470026)
Why do they deserve permanently lower taxes?
[ Parent | on HN ]
Re:How California Became America’s Housing Market Nightmare by malvosenior on Thursday November 07, 2019 @08:19AM (#21472884)
They're taxed on what they paid.
[ Parent | on HN ]
Re:How California Became America’s Housing Market Nightmare by akavi on Wednesday November 06, 2019 @01:47PM (#21465630)
Make the back taxes due on sale then. Simple.
[ Parent | on HN ]
Re:How California Became America’s Housing Market Nightmare by rcpt on Wednesday November 06, 2019 @07:44PM (#21469289)
That would really exacerbate the lock in effect
[ Parent | on HN ]