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Ok, let me present a simple scenario. Imagine the following: Initially you're doing well in life. You're making decent money at your tech job and you eventuall
by VexXtreme 12y ago
Ok, let me present a simple scenario. Imagine the following:
Initially you're doing well in life. You're making decent money at your tech job and you eventually end up buying a pretty nice house. Things are good for a while, but at some point you get old/sick and are unable to work anymore. You are able to survive on what you have and perhaps have a fairly decent life, but it's not a lot. You like the house where you live and you consider it yours. But for some reason, the price of real estate in your neighborhood skyrockets and the government reevaluates your tax liabilities based on the new valuation of your house.
You used to have a pretty good life, but now you just can't afford the new property tax anymore and are forced to sell the property, move halfway across town and buy some dingy shack that you actually can afford.
Question: is it fair of the government to evict you from the place that you fully own and where you lived for ages, because of someone's rent-seeking behavior and based on certain factors that are completely outside of your control? Are you telling me that you wouldn't feel even a little bit upset in that kind of scenario?
edit: Also, I thought that downvoting is reserved for rude discourse and blatant violations of the HN rules, not if you disagree with someone's opinion. This place is becoming just like Reddit.
- cardinalfang 12y agoIt is a reasonable option. It also happens to be shared by those complaining about the effect of tech companies on the housing market, who don't seem terribly popular around here.