4 ms·
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
by 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 agoNo, 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]