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Re:How I Think About Debt by erehweb on Monday May 06, 2024 @07:59PM (#40280857)
California limits increases in property taxes to 2% for this reason. More generally, property owners vote at a high rate, so governments will usually be less aggressive in increasing property taxes. Of course, they still go up, but it's generally less of a risk.
Re:How I Think About Debt by vlovich123 on Monday May 06, 2024 @08:19PM (#40280973)
California’s approach privileges people who have lived in California in the past over the affordability of housing for people working today. It’s got its own popularity issues.
Re:How I Think About Debt by sroussey on Monday May 06, 2024 @11:56PM (#40282202)
It’s very similar to rent control in that way.