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But you still need money to afford the increased property taxes, otherwise you'll have to sell and move out. Also, if you own, you only get money when you sell. If you are living there for a couple generations and don't plan on moving, the only thing you get is increased property taxes, and those foreigners complaining about your culture and trying to change it


That's why grandfathering is necessary. For example, you can have residential property taxes determined by most recent sale price.




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