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I think it strange that everyone who thinks that repealing prop 13 will magically “fix” housing affordability appears completely ignorant of the fact that most
by einarvollset 7y ago
I think it strange that everyone who thinks that repealing prop 13 will magically “fix” housing affordability appears completely ignorant of the fact that most of the western world have effectively zero property taxes.
- mixmastamyk 7y agoIt’s one factor not the entire disease.
- intpbro 7y agoEffectively, but still more than zero... 1.1%+ of 1000000 is still something
- repsilat 7y agoThe problem with Prop 13 isn't that it keeps taxes too low, it's that it disincetivises downsizing by making your taxes jump when you move into a smaller place. I don't think it's all (or even most) of the problem, but it's bad legislation and definitely contributes to the housing shortage.
- toddh 7y agoDepending on where you move to in CA you can keep your previous tax basis. That's prop 60/90 I think.