[realkitkat]

Ditto. If only we could next rationalize and overhaul our property tax system / prop-13[1] of 1978. Then we might have a fighting chance of [ more ] affordable housing.

Maybe instead of paying linear tax based on purchase price, we could implement a reverse logarithmic scale for property tax % based on state / national / something average sales prices / sqft that would be re-assessed yearly. And then either apply that to all new home purchases, and when enacted, allow existing home owners to opt-in ( recent buyers ), or opt-out.

[1] http://www.californiataxdata.com/pdf/Prop13.pdf