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> My "millionaire" grandma in the middle of San Francisco would literally die from those options. I don't see why (2) or (4) would affect her lifestyle much.

> My "millionaire" grandma in the middle of San Francisco would literally die from those options. I don't see why (2) or (4) would affect her lifestyle much. > Better yet, you can do what she did many decades ago. Get a house built on undesirable land, then be part of a community that makes the value go up. The home you now covet is only valuable because of people like her. Nothing stops you from doing likewise. Pick some crummy land out in Mississippi or West Virginia and create a community. I don't follow any of this. I don't understand why this viewpoint would mean it makes sense that people who have made tons of money should contribute less of it to their societies. Winning by taking from others ain't the goal. When new people arrive, they should be getting the same deal from the government you are, not getting hosed because they're less established. (Obviously your prescience is rewarded: you made tons of money on your house.)

zepto 6y ago
> Winning by taking from others ain't the goal. When new people arrive, they should be getting the same deal from the government you are, not getting hosed because they're less established. But that’s just it - they do get the same deal. Everyone pays the same percentage of what their house cost when they buy it. Grandma got the same deal you do. If you buy a house now, it too will be worth more if you wait 30 years. You just have to wait as long as grandma did. That is literally the same deal.
- caturopath 6y ago
  You literally described giving established people a better deal than ones who are less established. > If you buy a house now, it too will be worth more if you wait 30 years. It might be. Or I might have bought it in Redding or Vicksburg and pay tax on the market value, same as my neighbors who buy today. Prop 13 only kicks in meaningfully for people who basically won the lottery, in proportion to their gains. To do that, it distorts the market, adding friction to what is already a market with unhealthily-high friction.
  - zepto 6y ago
    No, I literally described giving people the same deal. Grandma wasn’t ‘established’ when she moved in. She had exactly the same deal you have. Grandma already paid her taxes and now you want to force her out of her home. Have properties in Redding or Vicksburg not appreciated in the last 30 years? > Prop 13 only kicks in meaningfully for people who basically won the lottery You keep saying ‘won the lottery’, when what you mean is they bought a property in a place where properties appreciated in value. That just sounds like a good investment decision.
    - deleted 6y ago
      [deleted]

zepto 6y ago

> Winning by taking from others ain't the goal. When new people arrive, they should be getting the same deal from the government you are, not getting hosed because they're less established. But that’s just it - they do get the same deal. Everyone pays the same percentage of what their house cost when they buy it. Grandma got the same deal you do. If you buy a house now, it too will be worth more if you wait 30 years. You just have to wait as long as grandma did. That is literally the same deal.

caturopath 6y ago
You literally described giving established people a better deal than ones who are less established. > If you buy a house now, it too will be worth more if you wait 30 years. It might be. Or I might have bought it in Redding or Vicksburg and pay tax on the market value, same as my neighbors who buy today. Prop 13 only kicks in meaningfully for people who basically won the lottery, in proportion to their gains. To do that, it distorts the market, adding friction to what is already a market with unhealthily-high friction.
- zepto 6y ago
  No, I literally described giving people the same deal. Grandma wasn’t ‘established’ when she moved in. She had exactly the same deal you have. Grandma already paid her taxes and now you want to force her out of her home. Have properties in Redding or Vicksburg not appreciated in the last 30 years? > Prop 13 only kicks in meaningfully for people who basically won the lottery You keep saying ‘won the lottery’, when what you mean is they bought a property in a place where properties appreciated in value. That just sounds like a good investment decision.
  - deleted 6y ago
    [deleted]