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Property taxes and cost of living causing people who own to be priced out and forced to sell their homes because of bankruptcy. And the occasional eminent doma
by colechristensen 9mo ago
Property taxes and cost of living causing people who own to be priced out and forced to sell their homes because of bankruptcy.
And the occasional eminent domain.
- iamnothere 9mo agoProperty taxes? Not in California (prop 13).
- colechristensen 9mo agoand the YIMBY (but really somebody else's back yard) yell loudly about this property tax carveout and how terrible it is for their density goals
- iamnothere 9mo agoAnd that yelling is their free speech. As is your complaint in response.
- triceratops 9mo ago> Property taxes...causing people who own to be priced out That's an important price signal that the land is under-utilized. If we actually allowed denser residential then those people could sell their land to a condominium or townhouse developer in exchange for a new unit and some cash. They get to stay in the same place, their property taxes stay roughly the same, and they get to enjoy the cash. While everyone else also benefits from more housing. Win-win-win.