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0 pointserehweb9y ago0 comments

Gentrification makes housing more expensive in the short term. First order, that's good for landlords and bad for renters. Mixed for owner-occupiers - they have more wealth, but higher property taxes.

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ThrustVectoring9y ago

Not in California it isn't. Prop 13 limits property tax rates for owners.

erehwebOP9y ago

Agreed. Was thinking of the Portland context.

steveax9y ago

Oregon passed Measure 5 in 1990, which is similar to California's prop 13.

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