Always funny to me when longtime property owners complain about newcomers driving up rents, prices, when in fact their low property tax
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rates are enabled by newcomers paying multiples or orders of magnitude more in property tax....
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so if you're ever wondering why Santa Clara County (pop. 1.9M) only has 900 homes for sale per month....https://twitter.com/louisgray/status/917473152904527873 …
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Santa Clara County being the home of Apple ($800B company) and Google ($680B company) each opening/planning 14-20K+ employee campuses....
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So if you inherited your family's home you would prefer that your prop taxes go up?
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I don't think it's good policy that if you're inheriting a multi-million dollar asset, thereby avoiding paying the avg $7000/mo mortgage
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to be fair though we have a lot of dark secrets
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What ones are coming to mind for you right now?
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When a land-use policy problem is not a zoning problem.
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Still a zoning problem. Exclusionary zoning
supply shortage
price spike
property tax spike
Prop 13 backlash
THE ARISTOCRATS! - 1 more reply
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