It also makes the state hostile to new investment. And by raising property taxes, imprisoning property owners who are upside down on house values. They are making it to where you can't leave. It reminds one of the song "Hotel California". You can check out (die) but you can never leave.
Quote: “It also makes the state hostile to new investment. And by raising property taxes, imprisoning property owners who are upside down on house values. They are making it to where you can’t leave. It reminds one of the song “Hotel California”. You can check out (die) but you can never leave”
Not really, you can simply walk away from the house don’t ya know, it is the latest trend. Hell, there is even a website that will show you how it is done.
Are you two brothers?
They can’t raise property taxes, proposition 13 allows only 1% tax of valuation and the valuation can only be raised 2% per year.