4 ms·
I'm for repealing rent control - if we repeal Prop 13 at the same time. For some reason, landlords want their cake and eat it too.
by hindsightbias 10y ago
I'm for repealing rent control - if we repeal Prop 13 at the same time.
For some reason, landlords want their cake and eat it too.
- danhak 10y agoDon't know why this is getting downvoted--it's spot on.
- CaptainZapp 10y agoCan you briefly explain prop 13? Thanks
- IDanceOnAPole 10y agoCalifornia's Prop 13 is basically eternal rent control for landlords.
- sidereal1 10y agoIncreases to property tax are tightly capped. If housing prices skyrocket (which they have for a long time) the taxes on the houses barely rise at all. It highly encourages never selling property, and largely decouples property tax from the actual market price. All this results in a situation where the state with the biggest economy is constantly broke.