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Yeah it distorts the property market. It doesn’t create a budget crisis as suggested.
by encoderer 5mo ago
Yeah it distorts the property market. It doesn’t create a budget crisis as suggested.
- triceratops 5mo agoWhere was it suggested that it caused a budget crisis? This started from https://news.ycombinator.com/item?id=47938121 https://news.ycombinator.com/item?id=47938121 which said "Proposition 13 limits property tax collection, which warps housing development and many other factors."