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Property taxes and maintenance costs are not, however.

• noduerme 5y ago
  There's not much to like about the California tax code, but prop 13 is one good thing there. It caps the rate of property tax increase at 1% per year. Whereas my property tax in Oregon is up 10% this year. That's a tax on an unrealized gain. Worse, it's not even a real gain, it's a tax for just keeping pace with inflation.
  • CogitoCogito 5y ago
    Proposition 13 is good for those who have had a property for a long time, but it's certainly not good for new buyers. They are effectively subsidizing long-term residents. I understand why property owners might like it after they've been somewhere for a while, but I personally find it fundamentally unfair.
    • deleted 5y ago
      [deleted]
    • noduerme 5y ago
      Based on that reasoning, is rent control also unfair?
      • vdqtp3 5y ago
        Generally, the same group wants both ever increasing property taxes (because people who own property are evil rent-seeking slumlords) and completely frozen rents.
        • carlivar 5y ago
          And then complain that there isn't enough housing.
      • missedthecue 5y ago
        Yes. It's the epitome of "eff you, got mine" thinking.
  • thehappypm 5y ago
    Well yeah. I mean the tax base needs to keep up with inflation too. Can’t build roads with $100 when everything costs $110 now.