True, but old people ultimately will pass on at some point. The question though is, do their kids move in if they have any or do the places finally land on the open market???
PA = People Association for old folks?
Enrollment for CUSD, especially South, is also declining.
Definitely some kids will move in. If you want to live in the Bay Area, you wouldn’t dare give up the Prop 13 based tax-base. You could be saving $3000/month just in property taxes!
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