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Just wait until enough democratic voters are imported to overturn Proposition 13 (caps property taxes at roughly what they were when you bought the house, and r
by fiatmoney 10y ago
Just wait until enough democratic voters are imported to overturn Proposition 13 (caps property taxes at roughly what they were when you bought the house, and requires 2/3 vote in the legislature for tax increases).
California is trying so hard to go full Venezuela, and the only buffer they have are the three or so major industries that are doing well (agriculture, entertainment, and tech). If there's a contraction in those sectors, expect a death spiral.
- FuturePromise 10y agoIt doesn't really "cap it". It can go up 2% a year, and does!