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Your comment is valid if we lived in a totally free market. We do not. 1) Want to build a skyscrapper? Having the same housing density as Tokyo or Manhattan? N
by tostitos1979 11y ago
Your comment is valid if we lived in a totally free market. We do not.
1) Want to build a skyscrapper? Having the same housing density as Tokyo or Manhattan? No .. sorry .. think of the traffic or view or ... whatever.
2) The place you live in has become very valuable. Pay the appropriate property tax. Umm .. no .. sorry. We don't want to make live unaffordable for seniors or umm whatever.
The reality is just wealth distribution. Away from people who are young and new to the area and towards those who were here before.
- nwah1 11y agoExactly! Although, it isn't just that assessments need to rise in tandem with values, which Prop 13 prevents, but the rates on land ought to rise dramatically which Prop 13 also prevents. And taxes ought to be eliminated for improvements. Considering people seem to have planned their lives around the implicit expectation of the current tax structure, it isn't ridiculous for seniors on "fixed incomes" to be nervous. But let's remember that seniors are the wealthiest age demographic, and those among them who are actually financially needy can be easily cared for while still not stifling all the hopes of young entrepreneurs.