How California Became America’s Housing Market Nightmare

Re:How California Became America’s Housing Market Nightmare by ericmay on Wednesday November 06, 2019 @09:45PM (#21469923)

And then die me not pay back loans? Or what if there is a market downturn and now the lenders are stuck holding it? Maybe they don’t lend I’m the first place?

Lots of unknowns here.

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Re:How California Became America’s Housing Market Nightmare by rcpt on Thursday November 07, 2019 @01:00PM (#21475537)

Yes: Buy. Borrow. Die. It's how the wealthy skip taxes in the US.

Or, if she is seriously so destitute and financially illiterate that this is all too hard there are targeted programs in California for her: https://www.sco.ca.gov/ardtax_prop_tax_postponement.html

The fact is that Prop 13 is just a handout to successful land speculators at the expense of everyone else.

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