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> I'm pretty much baffled by what you mean here. I think it's just a misunderstanding. You're talking about a situation where your grandmother owns the place a
by simpss 8y ago
> I'm pretty much baffled by what you mean here.
I think it's just a misunderstanding. You're talking about a situation where your grandmother owns the place and he/she is talking about a situation where your grandmother rents the place.
- jldugger 8y agoNa, the inflation index has a thing called 'rent or rent equivalent' for a reason. The parallel I'm drawing here is between rent control and prop 13, which runs along comparable lines, ie: evicting grandma because she can't afford ( rent | afford property taxes ) because $demographic wants to live nearby is an affront to people's rights to be secure in their home and life. The rhetoric is the same, just with more bootstrapping.
- esotericn 8y agoOwnership is distinct from renting. It sounds like some US cities have a situation more like shared ownership, in which you can't actually own a home because there's no way to pay (or set aside) the full future stream of property taxes. It seems bonkers to me because it would make settling down completely impossible, hence my comments about moving away to somewhere where homeownership exists. In the place I already live (UK) we don't have that, so I'm not calling for any change. In any case it seems that me (and people like me) moving out in this hypothetical situation of ownership being converted retroactively into rental gives you what you want anyway.