> That's not 'generally' true Yes, you're correct, I'm mainly referring to California as that's where I've been living for a good chunk of time. Prop 13 "lock

> That's not 'generally' true Yes, you're correct, I'm mainly referring to California as that's where I've been living for a good chunk of time. Prop 13 "locks in" your property tax rate with measly 1-2%/year increases and there is barely any new construction, restricting supply. What this means is that a lot of landlords in CA have super low mortgage/property tax costs because they bought a while ago and they can "afford" to charge a low amount of rent because their costs are so low. The biggest factor for me in regards to buying is the mobility that I need, especially while I'm young and uncertain of where I want to settle.