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Real Estate
Reply to "The median Boomer has a housing cost of $612. That includes taxes and insurance. "
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[quote=Anonymous][quote=Anonymous]My parents are in their 80's and they have been "grandfathered" in to low property taxes of $3,500 a year on a $2M future teardown property in California. They bought the house in the late 70's for $135,000. I just bought my first property, which is a $500K 2BR condo in Arlington and my property taxes are higher than my parents.[/quote] That's because CA passed that crazy law that I think property taxes can't increase more than 1.5% per year, and only re-adjust on a new sale. [/quote]
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