Or stated differently, make everyone pay their fair share. The current system is "I got mine, screw you" for those fortunate enough to have bought property years ago.
It's surprising to me that people can look at the millionaire SF property owners as being deserving of public subsidy in perpetuity.
Where I live tax assessments are done regularly, tempered by a maximum 10% annual increase to prevent excessive shocks to the market. It seems like a reasonable compromise that puts all people on equal terms.
It's surprising to me that people can look at the millionaire SF property owners as being deserving of public subsidy in perpetuity.
Where I live tax assessments are done regularly, tempered by a maximum 10% annual increase to prevent excessive shocks to the market. It seems like a reasonable compromise that puts all people on equal terms.