You will know they are executing on that property plan when they lower the property tax. the property tax in California is high enough to rival the mortgages of houses in other states, but they don't collect on it because houses don't get reassessed until they are sold. that's why you have a bunch of old people living in California and not moving, they're holding on to their insanely low property tax based on an assessment from 30 years ago.
the moment they get rid of that and lower the property tax in general, or at least say they're going to, is when they will squeeze that profit
You will know they are executing on that property plan when they lower the property tax. the property tax in California is high enough to rival the mortgages of houses in other states, but they don't collect on it because houses don't get reassessed until they are sold. that's why you have a bunch of old people living in California and not moving, they're holding on to their insanely low property tax based on an assessment from 30 years ago.
the moment they get rid of that and lower the property tax in general, or at least say they're going to, is when they will squeeze that profit