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Santa Cruz is full of inheritors. It's been around for a long time. It's why you go through SC neighborhoods and see fall down homes with weed strewn yards. They are often only occupied part time, because the families just kept them, but don't visit often, and don't keep them up. Until an inheritor needs the windfall money, they won't get sold.
Santa Cruz is full of inheritors. It's been around for a long time. It's why you go through SC neighborhoods and see fall down homes with weed strewn yards. They are often only occupied part time, because the families just kept them, but don't visit often, and don't keep them up. Until an inheritor needs the windfall money, they won't get sold.
This is the inevitable result of Prop 13.Agreed. Prop 13 has to be on the chopping block or all of this will get worse.
I'd rather have rich people here that pay taxes,
Strategist saysI'd rather have rich people here that pay taxes,
The problem is that the rich people (at least land-wealthy) often really don't pay taxes when it comes to property tax.
The problem is that the rich people (at least land-wealthy) often really don't pay taxes when it comes to property tax.
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