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> the people with kids are barely able to rent small apartments, while the 4 bedroom homes are mostly occupied by 1-2 retirees Not to get all Georgist, but: is
by 082349872349872 3y ago
> the people with kids are barely able to rent small apartments, while the 4 bedroom homes are mostly occupied by 1-2 retirees
Not to get all Georgist, but: is Prop 13 still a thing?
- _yb2s 3y agoYes it still is, but there was a measure that passed to provide some route for retirees to transfer low property taxes to a smaller place. In practice that probably helps to even make the smaller places inaccessible to young families, while the big houses get bought as investments by big firms… and often left to sit vacant. Lots of large vacant houses with mysterious ownership in my neighborhood, some dilapidated, and others kept up by commercial crews.