[editor-surveyor]

.
How many people in California do you suspect have less than $600K mortgage debt?

.

[rb22982]

The median price of homes for sale today in California is $500k. So even if you put 0 down (average is more than 10% down of those with mortgages, and ~30% are paid full in cash), less than half of NEW mortgages > 600k. So I'd guess less than 10% of those in California have a mortgage over $600k counting mortgages before this year. In LA and SF, those #s are higher, obviously.

Again, why should we be encouraging people to take on debt (mortgage) or encouraging high taxes at the local level?

[nopardons]

He hasn’t a clued about ANY of this and imagines that he is in the UPPER MIDDLE CLASS, with a paltry $200,000 earning a year, because he found that figure on line! LOL