this post was submitted on 31 Aug 2023
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No reason not to do this across the board

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[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

I bring this up because California implemented Prop13 in 1978 to address similar issues and it had mixed results.

I agree with the idea of taxing secondary properties at a higher rate. But that could also have the unintended consequence of driving up rents and landlords look to recoup that money.