Dark secret of California is that no one sells real estate because you can inherit your parents' lower tax rates. http://www.lao.ca.gov/Publications/Report/3706 …pic.twitter.com/KO4pdi2lhZ
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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Dark secret of California is that no one sells real estate because you can inherit your parents' lower tax rates. http://www.lao.ca.gov/Publications/Report/3706 …pic.twitter.com/KO4pdi2lhZ
Always funny to me when longtime property owners complain about newcomers driving up rents, prices, when in fact their low property tax
rates are enabled by newcomers paying multiples or orders of magnitude more in property tax....
Kim-Mai Cutler Retweeted Louis Gray
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 …
Kim-Mai Cutler added,
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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