this post was submitted on 10 Nov 2024
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While this is true for boomers and genx as they saw this life style as a status symbol so they fed the beast... majority of modern housing stock has HoA attache to it, so unless you are looking for mass homlessness. HoA is the herpes we inherited. Now, since we at least can agree it is a cancer, these corruption rackets need to be either 1) reformed, where they are required; or 2) otherwise outright dismantled.
This is another generation fight though... and even some younger clowns will larp HoA because "it keep me property price hi, I am an owner all i care about is asset appreciation"
sure thing buddy, living in a house with rapidly increasing tax assessment surely makes you part of the owner class ๐คก
I wish the taxes would go up. Here in California there is absolutely no downside to treating your home as an investment vehicle. At least individually.
I am not following, CA has high property values and and rates unless you got the ~~rate~~ value frozen by some clown law.
Yes, there is a clown law known as Prop 13. Property taxes are extremely low and can't be raised except by a supermajority of voters.. We do have high income taxes but overall it's actually a middle-tax state.
Residential property values in CA are only reassessed when the property is sold. So if you're sitting there for decades in the same house you'll pay almost no taxes.
Almost every problem you've heard of about California can in some way be linked back to this law.