Posted on 02/27/2025 8:05:50 AM PST by SeekAndFind
Speaking of Prop 13, it was great when they passed it. But they knew eventually all those who benefited the most, would eventually be dead. And the reason why in just another few years 95 percent of everyone in CA will be paying sky high taxes.
Bingo!
It's amazing..in a free country the corrupt in government are still allowed to get away with this robbery bull sh*t.
And has a $300,000 home. These pieces don’t add up.
It certainly adds up in the majority of cases.
In many cases, older homeowners no longer have mortgages on their homes. If they are on a fixed or limited income and their taxes continue to increase, they’re in trouble. This is why many elderly who own their homes commonly end up in the tax foreclosure process.
This is GD crime in my opinion.
Blackrock and Vanguard bought up many homes, and turned them into rentals. Instead of prices going down, they go up because with Billionaires buying, there are few vacancies.
My grandma lived with us, and there were from 3 to 7 children in the home depending on the year. My parents allowed her to help buying school clothes, and things for dinner. Otherwise, my Father had too much pride to take money from a retired old lady.
Hell, I live with a disabled old lady, my wife, and I pay all the bills. Her money is hers. Money is tight for me, as I am retired too. I saw this coming, sold my house at a loss, bought a MH in a community and good thing too. We both were struck with Cancer. The bills are tolerable, and we can afford medical care. Our household income is $2500 a month.
I weep for my children though, they pay more in rent than I paid on my mortgage in my life.
My grandma lived with us, and there were from 3 to 7 children in the home depending on the year. My parents allowed her to help buying school clothes, and things for dinner. Otherwise, my Father had too much pride to take money from a retired old lady.
Hell, I live with a disabled old lady, my wife, and I pay all the bills. Her money is hers. Money is tight for me, as I am retired too. I saw this coming, sold my house at a loss, bought a MH in a community and good thing too. We both were struck with Cancer. The bills are tolerable, and we can afford medical care. Our household income is $2500 a month.
I weep for my children though, they pay more in rent than I paid on my mortgage in my life.
Also, doesn't capital gains kick in only if you haven't owned the residence for a minimum 12 months? Least ways, that was the case back in the 1970s in CA.
Regards,
you can use it once every two years, they changed it in 90’s
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