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Lots of old people who live in these multi-million dollar homes refuse to defer their property taxes because they don't believe in paying interest. They also believe that once they have paid off their property, they deserve to live there in perpetuity with no changes to the zoning, character of the neighbourhood, or the property taxation regime. The unfortunate thing for everyone else is that these people have too much time on their hands and are willing to make their voices heard in the media and at the ballot box.
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