Quote:
Originally Posted by edale
^ You're a walking argument for why Prop 13 needs to be repealed. Young professionals can't afford homes while aging boomers pay next to no tax on their incredibly appreciated real estate assets and purchase second properties.
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My aunt lives in a coastal CA neighborhood of mostly retired cops, nurses and teachers, and the homes are all worth $3 million+ and many folks have a second home. Talk about being born at the right time and place, and buying RE at the perfect moment.