Quote:
Originally Posted by Sly
Explain to me how Social Security and property taxes are even remotely similar? People pay into Social Security their whole life, they are owed that. Property taxes are an expense that people have to pay in order to maintain their home. Are you suggesting that a 70-year-old with 15 years left on their mortgage should not have to pay that either?
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Good point that people pay into social security and are entitled to it back. My reply was more or less about "there's no guarantees in life".
I still think people are failing to realize how quickly and high our appreciate is in Cali. And i'm not talking just small areas. The Bay Area is huge. Everything here doubles in price every 10 years. Even with the current downturn I know full well it'll pick up again.
No one is going to convince me that it's perfectly reasonable to raise property taxes yearly to keep up with home values to the point that no one older & retired can ever afford any longer.