Re:Coinbase lays off around 1,100 employees
by stevenjgarner on Tuesday June 14, 2022 @07:35PM
(#31747356)
I thought things are capped in California, that Under Proposition 13, the annual real estate tax on a parcel of property is limited to 1% of its assessed value. This "assessed value" may be increased only by a maximum of 2% per year until, and unless, the property has a change of ownership? No such joy in Texas (yet).
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Re:Coinbase lays off around 1,100 employees
by pyuser583 on Wednesday June 15, 2022 @01:12AM
(#31749351)
That’s probably one of the reasons real estate prices are so high.
Re:Coinbase lays off around 1,100 employees
by cwalv on Wednesday June 15, 2022 @02:40AM
(#31749833)
It's definitely One of the reasons. I've compared some real estate prices in some low-cost areas to relatively high-cost areas, and found that once factoring in property tax, the actual cost was close to the same.
Re:Coinbase lays off around 1,100 employees
by pyuser583 on Wednesday June 15, 2022 @08:35PM
(#31761212)
I was comparing buying real estate in a high end part of Chicago with San Francisco.
The places cost the same per month. But in SF, almost all of that was going to the premium/interest.
In Chicago, a massive amount was going to taxes and HOAs.