3 ms·
It all rolls down the counties who have to pay for everything. So they raise your valuation 20% a year (if you're in an avg market). For the last 10 years. And
by hindsightbias 4y ago
It all rolls down the counties who have to pay for everything.
So they raise your valuation 20% a year (if you're in an avg market). For the last 10 years. And then the rate goes from 1.2% to 1.9% over the same time. And that doesn't even cover highway use, as they've all got tolls now.
With no Prop 13, anyone who picked the right hood as poor or middle class can no longer afford to stay.