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I don't think anyone is arguing it's a human right. I think the argument is about displacement. Affordable Housing usually goes to people who have lived in an a
by ng12 8y ago
I don't think anyone is arguing it's a human right. I think the argument is about displacement. Affordable Housing usually goes to people who have lived in an area for a long time and now can no longer afford it.
- joejerryronnie 8y agoInteresting that some people argue affordable housing is good because it allows people to stay in their homes but Prop 13 is bad because it . . . allows people to stay in their homes.
- denverkarma 8y agoProp 13 is just a phenomenal transfer of wealth from the young and working class to the old and wealthy. Don’t kid yourself that it was ever about anything else.
- ng12 8y agoWhat happens if you sell under Prop 13? Does the tax man come calling then?
- boulos 8y agoThe price resets for the new owner. Under Prop 13, the assessed value is X when you buy it and can only be increased by up to ~2% per year even if your home went up in value by much more. This chains together over long periods of time, so that if you bought a place 20 years ago you are now paying property tax on at most X * 1.02^20. If the new owner paid you 5X for the home, they now pay property tax against that value moving forward.
- ng12 8y agoIt seems to me that the seller should pay a hefty tax on that 5x value. Why should you get rich on appreciation that you didn't pay taxes on? I get the feeling the answer is more about greed and less about helping people stay in their homes.
- joejerryronnie 8y agoDo you feel the same way about social security?