Re:A cautionary tale from the streets of San Francisco
by xtiansimon on Monday October 25, 2021 @09:01AM
(#28987271)
“I have to agree with GP's conclusion that California's problems primarily stem from its tax system”
I live on Long Island where there are no property tax controls like California.
They’re building ‘luxury’ 1-3 br condos 750k-2,700k . No downward pressure on home costs here.
My town has lots of working class families, and many move when their children are grown and they reach retirement, because the taxes are so high. Right when you own your home, and your income is fixed, you’re faced with ever increasing taxes.
I live on Long Island where there are no property tax controls like California.
They’re building ‘luxury’ 1-3 br condos 750k-2,700k . No downward pressure on home costs here.
My town has lots of working class families, and many move when their children are grown and they reach retirement, because the taxes are so high. Right when you own your home, and your income is fixed, you’re faced with ever increasing taxes.