[Darnright]

>Wherever “rich people” live, they will be taxed out the wazoo and therefore prices will rise.<

I was out in L.A. back when Reagan was inaugurated. I remember being astounded that a small house way out in the suburbs cost over $200,000.00 back then. We bought our 1st house in my home town in the mid eighties for under $50,000.00 and it was huge compared to those homes in California.

My question is, how does a middle class person come close to affording the real estate taxes on a home assessed at close to $750,000.00??

[Yaelle]

My question is, how does a middle class person come close to affording the real estate taxes on a home assessed at close to $750,000.00??

---

Even with Prop 13, they struggle. There are a few ways. One is, inherit the house or have grandma still live in it, with you. She still pays 1970s taxes maybe. Another is, over the age of I think 55 you can buy another property and keep your old tax rate, in reciprocal counties.

Young people can’t afford rent or mortgages here now, and they have a very hard time finding work. Most if not all of my 19 year old son’s friends live with their parents. There isn’t a good alternative. They are students.