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> it's possible to own your home outright but still get pushed out of it by your local government's taxation practices. This is not a problem in California: ht
by pchristensen 10y ago
> it's possible to own your home outright but still get pushed out of it by your local government's taxation practices.
This is not a problem in California: https://en.wikipedia.org/wiki/California_Proposition_13_(1978) https://en.wikipedia.org/wiki/California_Proposition_13_(197...
- JoshTriplett 10y agoTrue, though I've also seen several discussions here about other problems that proposition causes (mostly by making the market far less liquid).
- Kalium 10y agoIt also does a lot of starve local governments of funding, with all the problems that come from that.
- pchristensen 10y agoOh, Prop 13 causes HUGE problems. But CA homeowners being forced out by rising taxes isn't a problem.