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It's extra fucked in California because the boomers passed a law to set property taxes at the time of purchase and only allow for small increases over the years. Rising home prices don't have corresponding rising taxes so the old farts are never priced out of their huge empty houses.
Heaping ever increasing taxes on the elderly doesn't sound ideal either tbh.
Imagine having to give up your home because your neighbours property value increased and thus your taxes went up due to the increased value of your home. Sure you could sell away your life and move into a smaller building in a different part of the country (or worse, a retirement home), but should we advocate for people to lose their homes when a better solution is for government to build more affordable housing for people?
Imagine giving immortal corporations a property tax based on 1976 prices plus a maximum annual increase of 2% instead of just granting an exception to property taxes for your primary residence. Imagine leaving your grandkids with no money to run a government because you're that fucking dumb and greedy. Fuck the boomers, I hope the PG&E bills to cool their giant homes fucking bury them.
I've moved 8 times in the last 15 years so I can't say I feel too bad about the idea of people "losing" their home by selling it and moving somewhere smaller.
So because you have it shitty, everyone else should join you?
All I’d like is a place to settle down and become part of a community. I’m sick of being transient because of capitalism.
Who said I have it bad?