4 ms·
This is not unique to California and happens in other places. If you have taxes based on valuation, retired senior citizens or low income workers that live in
by segmondy 6y ago
This is not unique to California and happens in other places. If you have taxes based on valuation, retired senior citizens or low income workers that live in a neighborhood will be forced to move if prices go up. So by keeping tax low, they can stay there. Of course it has it's disadvantage, you could be paying so many multiple as another and the person will claim to have more rights than you because they have lived there much longer or as you mentioned, they can afford to rent out and make more profit. Do you have any solution you recommend?