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> boon for the economy Maybe, but at best this means... buying a few more things, taking a few more trips. Whereas > elderly people, Is my mom and dad.
by davidw 7y ago
> boon for the economy
Maybe, but at best this means... buying a few more things, taking a few more trips.
Whereas
> elderly people,
Is my mom and dad.
- pengaru 7y ago> Maybe, but at best this means... buying a few more things, taking a few more trips. I can think of some better effects than that. How about a bunch of California homes coming on the market and collecting property taxes proportional to their current value for the first time in decades?
- csa 7y agoIIRC, it is common for houses to be inherited after the owner’s death, and the tax basis is inherited with the house. As such (at least in my area on the Central Coast), many of these houses just become (high) market rate rentals with no change in tax status. I could be wrong about this, but I know some people who own some properties in the area who tell me that’s the case.