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A comment on One in five Texans lives in a floodplain, state’s first-ever analysis shows. Parent comment

Re:One in five Texans lives in a floodplain, state’s first-e... by WirelessGigabit on Sunday July 30, 2023 @03:03AM (#36928607)
CA tax increases are capped. So if you buy today and next year the value of your house goes up a LOT your increase is capped.

The other part that sucks is inheritances. Then the price is not re-evaluated. Now you have people sitting on a $2,000,000 house with a value of 200,000.

[ Parent | on HN ]
Re:One in five Texans lives in a floodplain, state’s first-e... by CameronNemo on Sunday July 30, 2023 @12:55PM (#36933204)
The inheritance trick is really limited now. The parent (or whoever is passing the house on) had to have been living there, and the inheritor has to move in and make it their primary residence.
[ Parent | on HN ]