"What I see as crazy re the home market in N California is in the areas where the eco terrorists have prevented new homes from being built. Old homes that need a lot of repair are selling at a million $'s."
Why, that's just so UNFAIR. Time to tax these windfall profits to subsidize affordable housing for the homeless. /s
"Why, that's just so UNFAIR. Time to tax these windfall profits to subsidize affordable housing for the homeless. /s"
That is exactly what happens when these older homes are sold for a million $'s +. The new buyer pays property tax on the new appraised value. A large % of that new increased tax goes into so called affordable housing for the homeless, poor and illegal aliens.