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What's your thought on Prop 13? It's hard to imagine why owners should be insulated from tax increases while tenants should not be insulated from rent increase
by thrownaway2424 14y ago
What's your thought on Prop 13? It's hard to imagine why owners should be insulated from tax increases while tenants should not be insulated from rent increases.
- DanBlake 14y agoThe 1% is tied to the market value of the home, at the time of taxation. Its saying, they will never tax you more than 1% of the market value of your home. Rent control is tied to the time of original purchase. If you want to say that your rent can never be more than 1% of market rent, sure- sounds good.