If you bought a house in CA in the 1970s or 1980s, it's not simply worth 5x or 10x what you paid. It might be worth 40x or 50x.
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Replying to @riogreyhound
@riogreyhound@HawthorneLAT@kimmaicutler and I live next to billionaires who pay 1/10 what I do. One size does not fit all4 replies 0 retweets 2 likes
Replying to @michaelrwolfe
@michaelrwolfe @riogreyhound @HawthorneLAT could defer rise in land, property tax til time of sale as a transfer tax.
2:19 PM - 18 Nov 2015
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0 retweets
2 likes
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