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The property tax laws need to force people to maybe not sit in large empty houses.
by mensetmanusman 1y ago
The property tax laws need to force people to maybe not sit in large empty houses.
- anonymousiam 1y agoWhy, if you have the money, should you be forced to have roommates or tenants? What sort of freedom is that?
- jaggederest 1y agoIf you have the money the taxes should be no problem, surely?
- kriops 1y agoTaxes are only ever a problem if you have money … or something equivalent.
- alsetmusic 1y agoThe problem is a California tax law that lets home owners pay the tax rate from when they bought the home despite the value increasing. It disincentives selling. Which leads to retirees sitting on family homes rather than relocating and releasing them back into the market.
- mdavid626 1y agoTrue, but if the other half of the country can't affor any house, then surely we should find some solution.
- lotsofpulp 1y agoIf you have the money, paying proportionate land value tax to pay for society's upkeep and protection of your land is not a problem. If you don't have the money, then you are free to live on a smaller surface area.
- sethammons 1y agoMy property tax has gone up over 6x in 7 years. How am I supposed to plan my retirement? Plan to leave my home of years, where I have built a life and have all my things? If you think that, you are a sick person and I have to imagine you are younger and only thinking "but I want that nice house, so f*k off old person, take some money and go die somewhere else."
- phil21 1y agoOld people should not be prioritized over the young. A 600% increase in property taxes over 7 years is an extreme outlier. Zero of my friends or family have ever once experienced such a thing happening. I certainly am not a fan of how heavy my property taxes are in one of the heaviest taxed cities in the US - but I would absolutely vote down anything resembling something like Prop 13. It's an immoral bit of tax code that favors old people over the young and productive - like seemingly most of our current policy. I should not be paying a different rate than the young couple moving in next door to me simply because I got here first. The services need to be paid all the same regardless of my age. > How am I supposed to plan my retirement? Plan to leave my home of years, where I have built a life and have all my things? Yes, obviously. I have this giant asset called property I can sell and downsize to something reasonable in retirement. Or in the worst case - move. I could also use the equity in my home to pay for living expenses if I must. This was considered normal and expected just a couple generations ago. This whole "let the old eat their young" streak of society needs to die off sooner than later.
- sethammons 1y agoLetting some old person stay in their lifelong home is not the old eating the young. Kicking that old person out of their home literally is the young killing off the old.
- lotsofpulp 1y agoIs kicking out an old person not being able to meet rent different? Or not being able to pay property taxes at the current arbitrary levels?