3 ms·
This is an example of a pre-1975 windfall at it's finest and the decades of legacy effects of Prop 13 [0]. Why would you ever want to sell your house if it cos
by DoubleCribble 9y ago
This is an example of a pre-1975 windfall at it's finest and the decades of legacy effects of Prop 13 [0]. Why would you ever want to sell your house if it costs almost nothing to keep empty/second home and you bought it before 1975?
If the Zillow data is correct, it looks like it's being taxed at a value of only $110k, ~60% of the original purchase price in 2017 dollars (from comment below). [1]
[0]https://en.wikipedia.org/wiki/California_Proposition_13_(1978) https://en.wikipedia.org/wiki/California_Proposition_13_(197...
[1]https://www.zillow.com/homes/for_sale/fsba,fsbo_lt/19540393_zpid/globalrelevanceex_sort/37.359228,-122.04337,37.35716,-122.046253_rect/18_zm/ https://www.zillow.com/homes/for_sale/fsba,fsbo_lt/19540393_...