Quote:
Originally Posted by BristolCavendish
And let's not forget that property taxes also increase with the inflationary values of any dwelling/property. At 1%, a typical CA homeowner is paying close to $25K per annum on a $2.5M home. Considering where these tax revenues are supposedly being allocated (i.e. city/county services, street/road repairs and public facilities etc.) this often amounts to very little in terms of an actual return.
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If there's a silver lining, it's that these taxes have a dampening effect on speculative investment