Hey, what about prop 13?!! CA property tax is way too low. Times are a changing. Anyone that thinks govt gives a damn about them is not thinking straight. They raise taxes in recessions because they want the money and they know some people still have some. It’s not logical, but niether are they. Look for more of it as the govt is now on the look out for more ways to collect.
Check the history books. Before the govt got involved in subsidizing home ownership, only about 25% of the population owned their own homes. Between tax deductions, cheap money and FNM and freddie, vet loans, etc… it made a huge difference.
