Comment on Houses in my area increases 82% in just 4 years
EndlessNightmare@reddthat.com 11 months 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 11 months agoHousing price increases are actively harmful to those who want to upgrade, since it increases the incremental cost of upgrading.
mesamunefire@lemmy.world 11 months ago
Taxes also increase.
dan@upvote.au 11 months 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)