
S4 E6: Property Taxes and Racial Gentrification
Common Law
00:00
Is There a Problem With Deferral Regimes?
If we just replaced caps with something like a deferral regime, then we wouldn't be subsidizing these gentrification processes to property taxes. So what I can say about the deferral regimes is they haven't been super popular and nobody, it's a little bit unclear why. In some ways, it operates similar to a reverse mortgage, which also sounds pretty good in theory, but are unpopular in part because people don't fully appreciate or maybe regret later in life that they did it. This is classic hallmark movie where someone has to go and snatch a family home from the clutches of a greeting family. It's very sad. If hallmark made a movie about property taxes, I would watch
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