If you sell a house these days, the buyer might be a pension fund

Re:If you sell a house these days, the buyer might be a pens... by sagarm on Wednesday June 09, 2021 @12:12PM (#27449591)

Towns normally set the property tax rate to meet their budget, so appraisals increasing across the board would not increase you property taxes.

Prop 13 leads to perverse outcomes like subsidizing slums and trust fund kids while penalizing new homeowners and people improving their property. It's also simply unjust for two neighbors with similar properties to pay different rates based on their age or even ancestry.

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Re:If you sell a house these days, the buyer might be a pens... by sethammons on Wednesday June 09, 2021 @12:47PM (#27450117)

I say it is unjust for a fixed income senior citizen or disability insurance recipient to have their property tax base grow to a point where they must flee their home of decades. The callus answer is to force the person to sell and take their gains and move so a younger person with higher wages can afford their once-home. I think it is unjust to remove an older, less abled, and less employment-opportunitied person from their environment.

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Re:If you sell a house these days, the buyer might be a pens... by sagarm on Wednesday June 09, 2021 @04:09PM (#27452504)

I replied elsewhere: nobody is having to flee anything. If they would rather sell and keep gains rather than spend them to continue living there, that's their choice.

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