In the middle of Los Angeles — a city with some of the most expensive real estate in the world — there are a half a dozen exclusive golf courses, massive expanses dedicated to the pleasure of a privileged few. How do private country clubs afford the property tax on 300 acres of prime Beverly Hills real estate? RH brings in tax assessors, economists, and philosophers to probe the question of the weird obsession among the wealthy with the game of golf.
ReferencesFORE! AN ANALYSIS OF CEO SHIRKING PDF 2.1MB
I knew that prop 13 was destroying California slowly but surely, but some of the smaller subsections are even more egregious.