Re:19% of California houses are owned by investors
by lotsofpulp on Wednesday August 06, 2025 @04:01PM
(#44816976)
High property tax rates means low ROI. You can be easily paying 2%+ market value in property tax in those northeastern states.
California incentivizes holding onto real estate with prop 13, which caps property tax increases to 2% per year for the entire time you or your beneficiaries own it. There are people paying less than $10k per year property tax on $3M+ properties, and they can rent for $7k+ per month.
California incentivizes holding onto real estate with prop 13, which caps property tax increases to 2% per year for the entire time you or your beneficiaries own it. There are people paying less than $10k per year property tax on $3M+ properties, and they can rent for $7k+ per month.