top | item 11961776

(no title)

fiatmoney | 9 years ago

Just wait until enough democratic voters are imported to overturn Proposition 13 (caps property taxes at roughly what they were when you bought the house, and requires 2/3 vote in the legislature for tax increases).

California is trying so hard to go full Venezuela, and the only buffer they have are the three or so major industries that are doing well (agriculture, entertainment, and tech). If there's a contraction in those sectors, expect a death spiral.

discuss

order