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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 a
by 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 agoThey 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 agoSo you believe a person living on 29k a year is in a 200k house? Interesting ...