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Thanks to California's Prop13 that caps how fast assessed property values can be raised to 2%/year, this isn't much of an issue in SF - once you're in your hous

Thanks to California's Prop13 that caps how fast assessed property values can be raised to 2%/year, this isn't much of an issue in SF - once you're in your house, property tax is not going to make it unaffordable.

stinkytaco 10y ago
That's good for California. But if we are to generalize this problem, many states don't have that. Still, it's a good policy and I wish my state would pursue it. The oil boom priced many people out of their homes.
- carapace 10y ago
  Many people see it as bad for California. We're foregoing tons of tax revenue and warping real estate markets. There are always trade-offs.
  - davidw 10y ago
    Here's one article: http://www.slate.com/blogs/moneybox/2016/09/22/california_s_proposition_13_is_bad_policy_and_here_are_some_graphs_to_show.html http://www.slate.com/blogs/moneybox/2016/09/22/california_s_... There are plenty more.