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For “homes I live in” $80,000 is far too much but locking in property taxes (non-transferable) at time of purchase seems to ale sense to me. $80,000 is what, t
by ericmay 5y ago
For “homes I live in” $80,000 is far too much but locking in property taxes (non-transferable) at time of purchase seems to ale sense to me.
$80,000 is what, twice the median income?
- t-writescode 5y agoIsn't this how we got into the situation in California?
- ericmay 5y agoWell not entirely and there are a lot of factors. One quick thing id mention is this should apply to residential dwellings only. I’ve heard stories (rumors?) of places like golf courses being locked into low property taxes too which isn’t great. But you don’t want to kick someone out of a house they bought because property taxes went up. That property taxes have increased so much that this is even possible is concerning. They shouldn’t go up that much. The housing issues in California come down to regulation making it expensive and difficult to build, and just way too many people wanting to move somewhere with some of the best weather and natural features and jobs in the world. That California is inherently expensive shouldn’t be controversial or surprising.