how do they avoid paying property taxes?!? This place is wild
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Prop. 13. The long report is here: http://www.lao.ca.gov/Publications/Report/3497 …
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@hanlonbt underlying problem (limited tax base) easily solvable by replacing property taxes with local income taxes -
CA state law does not allow cities to charge local income taxes.
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It's not just boomers. So many "progressives" are against progress for too many. It's galling.
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My neighbor :-/
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All of this is true but the effect on real estate prices is most misunderstood/ overlooked.
@kimmaicutler@hanlonbtThanks. Twitter will use this to make your timeline better. UndoUndo
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