Replies to post #105125 on Mohacsy's Safe Portfolio Member Forum

[Elroy Jetson]

California's Prop 13 and a similar stature in Florida caps the taxable value of property at a 2% rise per year.

So the taxable value of most California and Florida property falls way behind the market value.


You must have sold your property in California prior to 1978 when Prop 13 went into effect. That was 45 years of land value appreciation in the past.

Where do you live now, where you find the government so thoroughly intrusive controlling of your local economy and homes?

Certainly don't move to Florida or Texas where activist governors are now determined to control even what you're allowed to say online!


Just so you know, real estate has been in a long-lived conspiracy of rising in tandem with a nation's GDP, rather than the CPI.