Cognitive dissonance or the greater good hasn’t stopped CA homeowners before. Not sure why you expect any different here. :)
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should be fun to watch.
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also, how's Prop.13 tax freeze justified for owners who don't actually live in these homes and have been hoarding properties?
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Was about to ask: does Prop 13 apply to second homes?
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This is awesome; very hard to think of any good policy reason for second home tax deduction.
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Much bigger pool of landed elites 2nd+ home/condos are rentals.There's no good policy reason y that mtge shd be tax exp either
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one wonders, tho: how many folks with two mortgages will consolidate their debt in their primary residence to avoid taxation?
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(which is not a reason not to do it, but is a reason to believe it won't raise as much revenue as we'd hope.)
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