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by ljhsiung
1355 days ago
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In California property tax is also fixed based off purchase price (thanks Prop 13, love it or hate it) so one could pay ~1% on 1M at 7% vs 1.5M at 3% and then simply refinance the 7% later. This assumes you'd anticipate rate cuts in the near-ish future. This property tax arbitration could easily go wrong. |
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