3 ms·
>relatively small But I think part of grandparents point was that there enough people willing to meet the price that sellers aren't left with an unsold home, m
by SkyBelow 8y ago
>relatively small
But I think part of grandparents point was that there enough people willing to meet the price that sellers aren't left with an unsold home, meaning that relatively large numbers of people if you consider it relative to the number of homes for sell. You could use a different measure for the relativity, but the ones I considered (for all of two minutes) don't seem as informative as the one grandparent used.
- roguecoder 8y agoRight: the problem here is that there aren't enough homes (Prop 13 + local zoning + high cost of construction), not that the ones that exist should be cheaper.
- scurvy 8y agoIn the past, it was easy to point at prop 13. With the new tax regime, that's less of a thing.
- mleo 8y agoIt’s still easy to point at prop 13. It prevents all manner of people from moving or do other things so they can keep the current tax rate. I would love to move from our smallish home, but our current effective tax rate is 0.70% dropping since we purchased 5 years ago. Our property tax would practically double if we moved so best we can do is expand the home. But in doing this I have now priced my smaller home into a bigger home taking it out of reach of someone wanting a smaller home.
- scurvy 8y agoYou can afford to pay more for a larger home but can't afford double the tax? That doesn't make sense. The mortgage jump should be a bit a lot more than the taxes considering market moves. I think the new tax regime has more to do with tax unaffordability than the actual tax rate.