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I've given up arguing. I truly think some people just don't learn from history, and look for easy targets. Targets they don't truly understand, but come of th
by hellbannedguy 5y ago
I've given up arguing.
I truly think some people just don't learn from history, and look for easy targets. Targets they don't truly understand, but come of the tongue easily?
I would love to bar hedge funds, and wealthy non-citizen foreigners from buying our homes.
Put it into a Proposition, and you got my vote.
I have tried to tell young people how bad it was before prop 13, but I guess it's an easy target.
On my block, we have three homes out of twenty that are benefiting in a large way over prop 13 protections. Two of those homes rent rooms out to tenants. The rest of my wealthy neighbors don't need to worry about property taxes, or roommates.
The wealthy do not rent out rooms. They can pick up and leave whenever they want. So a large portion on my neighbors are paying not being served by prop 13, nor do they seem to need it.
In closing, and I'm getting tired of defending a prop, if CA residents ever lose their rational minds, and repeal prop 13; you got what you asked for. The wealthy, and Blackwater hedge fund types would love to snatch up those homes, and politicians would like those war chests they used to have access to in the 70's.
- evancox100 5y agoSo you’re saying if property taxes go up that hedge funds and investors would be more likely to buy property? That wealthy people will hold more properties when the carrying costs are higher?