Weak Theme Park Attendance Fuels Fears of Impending Recession
While traditionally your house was a natural hedge for inflation , my local government just keeps…
One of the few good policies in CA is Prop 13, which prevents the cash hungry counties from jacking your real estate taxes year to year. Look into it and advocate for a similar program in your state.
Here are the top political news stories for today.
@L1b3rtyChuckLibertarian2yrs2Y
Prop 13 is one of the primary causes of massive property value inflation in CA. Giving tax breaks to old homeowners hamstrings the next generation’s ability to buy homes by saddling them with massive property tax burdens and ever rising home prices due to the scarcity of homes on the market.
Why should a new resident pay 10k more in property taxes than their next door neighbor? Why should a new neighbor be forced to absorb the olds tax burden?
@GleefulR3f0rmRepublican2yrs2Y
Prop 13 is a little weird, two side by side identical properties paying vastly different taxes. The beneficiaries are somewhat insulated from the spending insanity and thus don't care so much. And CA politicians have figured out how to get around it by repeatedly getting school bonds "to help the children."
But it's better than nothing. We all could use more restraints on government spending.
Join in on more popular conversations.
