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by seanp2k2 594 days ago
Especially in CA where the Reagan Tax Revolt lives on in CA Prop 13, where boomers sitting on $2m+ properties that they bought in 1978 for $40k pay <$1k/year in prop taxes while their new neighbors pay $40k/yr in addition to their 8% mortgage while the boomers vote down any new housing developments or zoning changes.