Domg. When you have capped taxes forever and capture virtually all gains, it becomes a great place to park, speculate w capital
-
-
property taxes can and often do go up 2% per year. plus there are other tax add ons - school bonds etc. R property taxes tripled in 20 yrs.
1 reply 0 retweets 1 like -
Yes but people who bought new are subsidizing your comparatively low tax rates.
2 replies 0 retweets 2 likes -
Replying to @kimmaicutler @marymcnamara and
School bonds and parcel taxes proliferate in pt bc the base property tax doesn't support the schools, infrastructure
1 reply 0 retweets 4 likes -
actually no - add ons proliferate because of pension costs.
1 reply 0 retweets 1 like -
"Next to the shrunken property tax bill on Prop 13's trophy shelf sits a gold-plated public pension." https://books.google.it/books?id=Y0GwjbFf_88C&pg=PA54&lpg=PA54&dq=gold+plated+proposition+13+pension+california+crackup&source=bl&ots=T8mbhbi6-s&sig=GdMZfUO1_jm_ttajyX1zNiwe43o&hl=en&sa=X&ved=0ahUKEwjhxNOYi5nVAhUkL8AKHf-BANUQ6AEIHDAA#v=onepage&q=gold%20plated%20proposition%2013%20pension%20california%20crackup&f=false …
1 reply 0 retweets 0 likes -
Did I not earlier say "vendetta" and "ageism" war - QED
2 replies 0 retweets 2 likes -
When people who are young pay 10X the property tax as older people who have the same property and when you are left with $300B in state
4 replies 0 retweets 3 likes -
we paid huge prop tax compared to r neighbors.We were ok w that. Btw prop tax revenue in State of CA is BOOMING..https://www.bizjournals.com/sanfrancisco/news/2017/07/19/california-property-taxes-boom-despite-prop-13.html …
1 reply 0 retweets 0 likes -
Because property values are out of control. Why are property values out of control? Not enough construction to match pop growth + a tax
1 reply 0 retweets 0 likes
Structure that incentivizes hoarding and speculation across the board.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.