[scarface74]

No, I’m not saying that “taxation” is theft, but the undercurrent of raising property taxes on people who have been living in their houses for years is that the land could be better use by “more productive” tech bro’s than old people and if you raise the taxes enough, they would be forced to move.

Those same tech bro’s would hate it if they were taxed on unrealized, illiquid wealth.

But, yes there are plenty of jurisdictions that give property tax breaks to senior citizens.

[tptacek]

This is how property taxes work pretty much everywhere else, dense and sparse, tight housing market and loose. It doesn't seem to be causing a crisis anywhere, unlike California's policy, which is implicated in an actual housing shortage.

[scarface74]

And since we do have 49 other states, if prices get to high - companies and people will move.

Problem solved.