4 ms·
Adding a year of house ownership equates to "lock in"? That's hogwash and you know it. It's obvious that the so-called Prop 13 effects are total BS. You would e
by ping_pong 7y ago
Adding a year of house ownership equates to "lock in"? That's hogwash and you know it. It's obvious that the so-called Prop 13 effects are total BS. You would expect a much more pronounced effect but the per capita number of house sales are in line with other states without Prop 13. There is zero evidence that Prop 13 is the cause of home prices skyrocketing.
Do some people have a massive advantage? Sure, just like everything else. But I prefer to have property tax stability because as I get older, if I get priced out of my house because I can't afford my property tax because Googlers and Facebook employees are raising the house prices, that would be completely unfair.