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Are you advocating that tax on housing should be purely when transactions occur like during stock sales? So no more yearly property tax?
by throwaway6734 6y ago
Are you advocating that tax on housing should be purely when transactions occur like during stock sales?
So no more yearly property tax?
- zepto 6y agoWell that’s exactly the point - Prop 13 strikes a compromise. It allows for yearly property tax based on what the person could afford when they bought the property. That’s a reasonable compromise. People still get to own and live in homes and not be driven out by the actions of others over which they have no control. And the community gets a reliable long term revenue stream, that is relatively stable even though boom and bust cycles.
- throwaway6734 6y ago>That’s a reasonable compromise. That's the entire discussion. This is entirely your opinion. The previous poster was cherrypicking a comparison to stocks which is what I was trying to clarify.