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Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by michaelmrose on Saturday February 10, 2024 @03:15PM (#39329771)
California's housing situation is because they are a highly desirable location and didn't build enough housing to meet demand not because they have an income tax.
Re:A rent-stabilized 1 bedroom apartment for $1,100 In NYC? ... by seanmcdirmid on Sunday February 11, 2024 @09:26PM (#39340754)
Selling your house and losing your lower assessment is a huge reason not to sell your house. This make California’s real estate market less liquid then other real estate markets, since selling can have a huge extra cost vs not selling.