3 ms·
One of the interesting political tidbits I read was an article about a homeowner who had started voting against zoning laws because gentrification was making it
by Eridrus 9y ago
One of the interesting political tidbits I read was an article about a homeowner who had started voting against zoning laws because gentrification was making it so bad that their kids would have to move far away to be able to afford rent.
You only get the realise the benefits of increased property values if you move away.
A more valuable house also means more property taxes (unless you live in CA).
- mistermann 9y ago> You only get the realise the benefits of increased property values if you move away. Unless the annual appreciation in value of your house is sufficient to quit your job and live on. The risk of course is, will it continue indefinitely.
- Eridrus 9y agoThis is essentially executing the "move away by dying" plan in slow motion, because you end up owning less and less of your house as a percentage, so you probably move deeper and deeper into debt.