4 ms·
Until you have an alternative to people on fixed income being forced to move from the homes they own because they literally were priced out of the neighborhood,
by sulam 8y ago
Until you have an alternative to people on fixed income being forced to move from the homes they own because they literally were priced out of the neighborhood, I will defend Prop 13 with words, money and actions. You will never convince me or people like me that it’s okay that my family buying a house in the neighborhood should by itself force our neighbors to have their costs go up. Not only do I not want that, you’d find it also wouldn’t lead to very good relationships.
Prop 13 was not created in a vacuum, it exists to solve a very real problem. And don’t forget, the young people that mostly don’t feel this problem don’t vote nearly as much as the older people for whom this problem is most keenly evident.
- ummonk 8y agoThe solution would be to build more housing to keep prices low - somethung which homeowners would support if prop 13 weren’t a thing.
- sulam 8y agoThey have plenty of other reasons to support it. The people that don’t support it for the most part are the large scale landlords who are happy with the run up in rents.
- ummonk 8y agoLarge scale landlords actually want to invest in more property. E.g. the apartment building I reside in was built only a few years ago by a publicly traded REIT. It is nativist homeowners that oppose new building because it reduces home appreciation and brings traffic and ethnically different people to the neighborhood / city.
- kelp 8y agoThe solution is to means test property taxes. To keep lower-income residents in their homes, we discount their property tax from the standard rate. If you're wealthy and can afford to pay a market rate property tax, then you pay it.
- sulam 8y agoIt seems like gp’s proposal is to eliminate Prop 13 literally so that people will be forced to move out or that the threat of being forced to move out will cause them to man the barricades and demand more housing to lower property values (good luck with that). If the point is simply to raise income for the state, that’s an interesting discussion that we can chat about. But the topic is housing availability and I don’t see how this proposal would affect that with real means testing. People who can afford it won’t move and landlords will simply pass the costs on to renters.
- nradov 8y agoThat would be impossible to manage in practice. It would be too easy to game such a system, for example by doing a fake sale to a low-income relative.
- mavelikara 8y agoWould you support repealing Prop 13 for non-owner-occupied or commercial properties?
- sulam 8y agoWhat’s that going to do? People with market rate rents will see them go up x% and people in rent controlled apartments will simply get more pressure to move so the landlord can convert the unit to market rate.
- mavelikara 8y ago> What’s that going to do? It will remove the immoral handout landlords have gotten themselves in the name of the residents facing unexpected increase in property taxes.
- drdeadringer 8y agoDo you vote? What if those pesky younger people did vote? What if they outvoted all of these older NextDoor-Angry people?
- sulam 8y agoSure I vote. “Pesky” younger people are welcome to vote for repealing Prop 13 if that’s what they want. I won’t, at least not if it has the effects described here.
- mrgriscom 8y agoAllow deferral of excess property tax payments until the property is sold. Simple as that. Furthermore, landlords shouldn't be able to raise rent faster than their property taxes go up.