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Don't forget property taxes partially driven by political choices.

• davidw 4y ago
  Those are just 'messed up' in California. For some people they're quite low. For the house next door, maybe they are 10 times as much. Property taxes are actually higher in many states because they're not capped. Which in many ways is as it should be so that homeowners share in a bit of the pain from rising prices.
  • pydry 4y ago
    Property taxes also help keep a lid on rising prices.
  • iancmceachern 4y ago
    And it causes weird incentives, like keeping land empty and undeveloped, etc.