Well, that might apply if the price were determined by property tax, but it is strictly supply and demand here. The problem in SV is that there is a very limited supply, and the tech industry pays pretty well. Drives the prices crazy (in cycles).
Your neighbors must pay *something* in taxes. I think the way it works is that the appraised value can only go up something like 7% a year, max. It's something that people can budget for.
Yes, taxes here are way too high. Yet, we still are faced with making contributions to our local public school for supplies, etc. In fact, this year, some schools are raising special funds to offset the loss by this years budget. Many schools have laid off their librarians; I know of at least one local school that raised $50K from parents to re-hire the librarian.
We need to stop subsidizing millions in mass transit that doesn't work, and stop the insane waste of money on the local level. I could go on and on about the idiots in San Jose politics, and their money wasting ways, but I'm sure this is the wrong forum for that. :) |
