3 ms·
This is nonsensical. I have to pay that extra tax NOW. That's real money that I have to pay out. An extra 30% on something I nominally own? That's not real. I c
by EliRivers 10y ago
This is nonsensical. I have to pay that extra tax NOW. That's real money that I have to pay out. An extra 30% on something I nominally own? That's not real. I can't pay the taxes with that. What should I do to get that extra 30%? Take out an extra mortgage on that alleged increase in house value? Sell it and move to a worse house in a worse neighbourhood, somewhere I don't really want to live that I can still afford the taxes?
I bought a house that I wanted to live in, that I could afford the taxes on, and now I can't afford the taxes through no fault of my own. There is no solace to be taken in the fact that if I sold it, I might get 30% more than I paid. I don't want the money. If I wanted the money, I wouldn't have bought the house to live in, in the first place. I want what I bought two years ago; the house I could afford to live in. 30% increase in alleged value is of no use to me, and it's costing me money.
- GFK_of_xmaspast 10y agoThat is exactly the kind of thinking that brought Prop 13 to California back in the 70s.
- EliRivers 10y agoThe thinking is fine. The thinking is identifying a problem. Prop 13 was wrongfooted and created a new set of problems. We shouldn't ignore a problem just because someone else once royally screwed up a solution to it.