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The difference with property is that its not a consumable. In an ideal world you pay off your mortgage then you dont have to worry about housing costs much, all
by rr888 4y ago
The difference with property is that its not a consumable. In an ideal world you pay off your mortgage then you dont have to worry about housing costs much, allowing you to budget on real expenses for things you consume. If you buy a house and then the area gets more popular and expensive should you pay more even though its the same house? This is especially important for retirees. Worse if you lose you job you stop paying income tax but you have to pay property tax still. I get it if you're a regular worker paying rent its a different world but hopefully one day you'll understand.
- lotsofpulp 4y ago> I get it if you're a regular worker paying rent its a different world but hopefully one day you'll understand. Understand what? Why would I think certain portions of the population should be exempt from certain types of inflation? Life is consumable. The utilities, streets, city hall workers, inspectors, everything that makes the world go round. Everything decays and needs to be brought back to order, over and over again. If the argument is that poorer people should get assistance to not be so poor (including retired people), then sure, give them cash. But I do not see why a retiree should get any more consideration for where to live than a poorer immigrant family who has not had the opportunity to save a down payment and has to rent.
- rr888 4y agoI'm not sure what we're arguing about here. I dont live in CA, I said I was jealous of Prop 13. I think there are benefits to capping property tax rises. Only a quarter of households rent and I support any measure to help everyone buy.