Comment on Houses in my area increases 82% in just 4 years
EndlessNightmare@reddthat.com 1 month agoHousing price increases are actively harmful to those who want to upgrade, since it increases the incremental cost of upgrading.
Comment on Houses in my area increases 82% in just 4 years
EndlessNightmare@reddthat.com 1 month agoHousing price increases are actively harmful to those who want to upgrade, since it increases the incremental cost of upgrading.
mesamunefire@lemmy.world 1 month ago
Taxes also increase.
dan@upvote.au 1 month ago
In California the property tax can only increase a maximum of 2% per year, so at least there’s that. (this law was put in place so that older people don’t get priced out of their house due to house values going up a lot)