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My retired dad lives alone in a 4 bedroom house walking distance from Apple he bought in 1981. It seems the region could benefit if such people had more incenti
by zanderz 7y ago
My retired dad lives alone in a 4 bedroom house walking distance from Apple he bought in 1981. It seems the region could benefit if such people had more incentive to downsize elsewhere, but prop 13 means even a much smaller place would have a way larger tax bill than he now enjoys.
There was a ballot measure recently that would let such homeowners transfer their 1973 era tax bills to another property, but it had no stipulation that the next place be smaller. It lost.
I feel bad for the hypothetical grandma who couldn't stay in her house when the tax bill increased, but what if grandma is paying next to nothing and sitting on a $2m house that could hold a whole family?