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Yes, people in California often forget others have real property tax :) That said, the 5x increase in property taxes from 200k to 1 mill may really mean going

Yes, people in California often forget others have real property tax :) That said, the 5x increase in property taxes from 200k to 1 mill may really mean going from 2k a year to 10k a year. That is probably not at the "can't stay" level for most people, not to mention it being tax-deductible

protomyth 12y ago
8k for someone on a fixed income is a must move. An example of this is the boom in western ND with rents going up $600 - $800 month which forced an issue with a lot of elderly people on fixed incomes. Tax-duductible doesn't cover it for fixed income folks.
- DannyBee 12y ago
  Sure, but fixed income is a set of much larger problems anyway
- nerfhammer 12y ago
  If you're in fixed income and you now have million dollar home, property taxes are going to put you under?
wmeredith 12y ago
This is quite the ivory tower view (one I must admit that I'm privileged to share with most other tech workers). The median income of a California resident is about $29k. In a dual income household property taxes rising to 10k a year would be a pretty big deal. Particularly for those living paycheck to paycheck.
- maxerickson 12y ago
  They weren't in a $200,000 house. They aren't in a million dollar house. That doesn't mean that a similar 5x increase in their property taxes would be affordable, but the 10k doesn't apply.
- dragonwriter 12y ago
  > The median income of a California resident is about $29k. The median income California resident (even a dual-income household of such residents) is unlikely to have had a $200,000 home in the 1980s, or, if they managed it, to have its property value increase to $1 million in the intervening 30 years while remaining a median income California resident. Heck, by a common guideline (reasonable house price = 2.5 times annual household income), a dual-median-income family at the current median level can't afford a $200,000 house today.
- DannyBee 12y ago
  So you believe a person living on 29k a year is in a 200k house? Interesting ...

protomyth 12y ago

8k for someone on a fixed income is a must move. An example of this is the boom in western ND with rents going up $600 - $800 month which forced an issue with a lot of elderly people on fixed incomes. Tax-duductible doesn't cover it for fixed income folks.

DannyBee 12y ago
Sure, but fixed income is a set of much larger problems anyway
nerfhammer 12y ago
If you're in fixed income and you now have million dollar home, property taxes are going to put you under?

wmeredith 12y ago

This is quite the ivory tower view (one I must admit that I'm privileged to share with most other tech workers). The median income of a California resident is about $29k. In a dual income household property taxes rising to 10k a year would be a pretty big deal. Particularly for those living paycheck to paycheck.

maxerickson 12y ago
They weren't in a $200,000 house. They aren't in a million dollar house. That doesn't mean that a similar 5x increase in their property taxes would be affordable, but the 10k doesn't apply.
dragonwriter 12y ago
> The median income of a California resident is about $29k. The median income California resident (even a dual-income household of such residents) is unlikely to have had a $200,000 home in the 1980s, or, if they managed it, to have its property value increase to $1 million in the intervening 30 years while remaining a median income California resident. Heck, by a common guideline (reasonable house price = 2.5 times annual household income), a dual-median-income family at the current median level can't afford a $200,000 house today.
DannyBee 12y ago
So you believe a person living on 29k a year is in a 200k house? Interesting ...