These trends are supercharged in CA. Prop. 13 incentivizes homeowners to block new housing because rising property values boosts their wealth without corresponding higher taxes. And the inheritance of Prop. 13 benefits exacerbates inequities between homeowner and renter families.
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The county reassessment that new homeowners receive is the best naturally occuring bit of yimby propaganda.
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Idea: a reverse Zillow profile showing the
#Prop13 cost gap for your property vs your 20 newest neighbors. -
Can you not see the tax value of a home on Zillow? We can up here. This is a house that sold last year for $450k in Portlandpic.twitter.com/CTIHLm5LIt
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My in laws (who bought in Los Altos in the 80’s) asked if we were going to buy a house. We sold our house in the Midwest for a loss. Yeah, no.
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