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A comment on Austin's Surge of New Housing Construction Drove Down Rents. Parent comment

Re:Austin's Surge of New Housing Construction Drove Down Rents by terminalshort on Wednesday March 18, 2026 @10:51PM (#47434299)
My heart breaks for those poor people whose houses became worth multiple times what they paid for them. A true tragedy. I would be devastated if my house became so valuable that the property taxes were more than I could afford.
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Re:Austin's Surge of New Housing Construction Drove Down Rents by bombcar on Thursday March 19, 2026 @10:44AM (#47440403)
Even if we don't enact Prop-13-like things to keep property taxes reasonable I'm sure we could get a compromise where your property tax remains stable as long as you deed the appreciation over baseline to the city/county.

Win/win, right?

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