Housing Wonk Question:
With Prop 5 (really Prop 13) a common argument is that people who have accrued big prop value increases—but have low taxes—wouldn't be able to pay new rates.
But couldn't home equity loans create that liquidity? @kimmaicutler @mlevinreports @dillonliam
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Replying to @allafarce @kimmaicutler and
Check out
#vanpoli from earlier this year. We're lucky that the province will even defer or very-low-interest-loan you your property taxes if you have kids or are over 55, yet you still hear a ton of whining. Some cite general debtphobia.1 reply 0 retweets 1 like -
Replying to @neil21 @allafarce and
Vancouver’s property tax rates are 1/4th of California’s.
9:51 PM - 14 Aug 2018
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