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Anyone Catch Arnold Last Night?
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Originally posted by The Larry Davis Experience
I blame Prop 13. It's strangling poorer school districts to the benefit of longtime homeowners, who are already reaping the benefits of an unprecedented rise in home prices. I say this as a childless homeowner, in house I can barely afford and property taxes to match.
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Prop 13 surely distorts the real estate market, making your home more expensive, by discouraging people from selling their homes and incurring additional property taxes.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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