Schwab Leaves San Francisco for Texas

Re:Schwab Leaves San Francisco for Texas by fountainofage on Saturday November 30, 2019 @04:25PM (#21672234)

So that's your anecdote - and now mine: the building I live in is worth well over $5 million, and the property tax is currently $3500 a year.

Edit: just to add - I don't know where people get the idea that we need to evict people from their homes over property taxes. Just put a lien on the property for the tax bill. This isn't rocket science.

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Re:Schwab Leaves San Francisco for Texas by proverbialbunny on Saturday November 30, 2019 @04:38PM (#21672282)

That's a great idea, especially if they don't evict people, but just take a chunk of the house that is the state's now if they don't pay taxes.

If house prices go up, the state profits when the house changes hands, or the state owns all of the house and then needs to evict people.

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Re:Schwab Leaves San Francisco for Texas by fountainofage on Saturday November 30, 2019 @06:14PM (#21672672)

Again, no need to evict people. The state will get its money someday. For shorter term expense needs, they can issue bonds referencing that lien as the collateral. Everyone dies eventually.

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