No, the problem is they are trying to move from renting to owning the same size/style house their parents already have.
If they set their sites lower they can still buy a house but they may have to do without the spa.
And there is no "I got mine" mentality. There is an "I did my time" mentality.
And believe me, most of the whiners, especially highlighted by the SPTimes over the past year has been from people moving here from out of state. They find their neighbor pays property taxes about 70% less then theirs and they start crying.
Our version of Prop13 is doing just fine, thank you, and we STILL do not have an income tax! A fact these carpetbaggers forget.
No, the problem is they are trying to move from renting to owning the same size/style house their parents already have.
If I can afford the mortgage on the house I want, why am I less entitled to live there than someone else? The fact is that the people who receive the greatest benefit from the SOH subsidy (long time homeowners) are in general the wealthiest people in society, as they tend to accumulate wealth in their homes. Why should young, first time home buyers be forced to pay more than their fair share? My folks bought the house I grew up in 23 years ago, and it is now appraised at over $1 million. They pay less than $4K/ year in taxes. I'm looking at houses in the $200-250K range and will likely pay more than double what they are paying. I support Rubio's sales tax proposal, but that's dead. From what I can tell, existing SOH homeowners will get a bigger break under the new proposal. The first time homeowners are supposed to get some break, but that hasn't been fully presented yet. Business owners and non homesteaders will likely continue to get the shaft.