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CA property taxes are cheap enough that your taxes on that new big value you just inherited are still gonna be way lower than you'd pay rent for something else
by majormajor 7y ago
CA property taxes are cheap enough that your taxes on that new big value you just inherited are still gonna be way lower than you'd pay rent for something else nearby... and often be pretty good even compared to some other big cities not in CA.
Or you have multiple kids and you sell the place and split the cash... nice windfall, taxes or no.
Meanwhile, the people whose parents DIDN'T leave them one of those houses are still way worse off...