3 ms·
> I don't think that having gotten lucky and bought a home somewhere when it was cheap should entitle you to enjoy living there forever when others are willing
by godshatter 6y ago
> I don't think that having gotten lucky and bought a home somewhere when it was cheap should entitle you to enjoy living there forever when others are willing to pay more for the same home.
If others are willing to pay more for the same home, then they should make the current owner of the home an offer.
- caturopath 6y agoThere is a thing of value -- a tax subsidy -- which makes the house more valuable to the current owner than the next. That's the distorting power of Prop 13, the old owner has to give up not only the house but the tax rate. (This is somewhat ameliorated by the fact we let people take the tax subsidy with them under many circumstances now, so people can move to a different part of the state and already pay less tax.)