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That is why Prop 13 will not go away in a foreseeable future, but the whole idea of tying all your savings to your house is flawed. Apart from putting all your
by taffer 7y ago
That is why Prop 13 will not go away in a foreseeable future, but the whole idea of tying all your savings to your house is flawed. Apart from putting all your eggs in one basket, it also creates all sorts of bad incentives like Prop 13.
- zepto 7y agoAre you proposing that there is something safer than your house to put your savings in that would either allow you to outpace property taxes if prop 13 was abolished, or trivially move if it were? It’s not meaningful to say something is a bad strategy if you can’t articulate an alternative.