Re:California’s housing crisis: how a bureaucrat pushed to b...
by mlyle on Sunday February 16, 2020 @03:33AM
(#22340567)
> "Long time landlords" and "new landlords" are not inherently different people, they're the same people at different points in time.
With the way you can inherit property and keep its valuation, there may be a class of "long-time landlords"-- individuals and organizations-- emerging in major cities. Especially, as you note, since Prop 13 discourages transactions.
With the way you can inherit property and keep its valuation, there may be a class of "long-time landlords"-- individuals and organizations-- emerging in major cities. Especially, as you note, since Prop 13 discourages transactions.