Because CA undertaxes long-held properties, cities impose impact fees on new housing to compensate -- 40 yrs into a shortage. #prop13pic.twitter.com/JMeV2gkGLP
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are you in CA? We cap at max 2% per year or rate of inflation increase.
California 30 years same place 3 times what I paid initially from 2% compounding and ever expanding parcel taxes, etc
cost of providing services (and housing to workers who would provide those services) has moved a lot faster than that.
I would like to see businesses face more stringent assessment. Hard enough for most to afford a home, especially for the young
that was the point of the original post. The low assessments on existing real estate (commercial/res) have an indirect
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