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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (7678)12/31/2002 12:15:06 AM
From: Lizzie TudorRead Replies (2) of 306849
 
no question california is screwed no matter how you slice it

Imo anything they do will be detrimental to business. But of course they can't do nothing, they don't have that option. Income taxes are already sky high and there is a huge sales tax too. I can't believe Davis didn't slam the brakes on all these public works projects 10 mos ago. It was obvious the technology industry wasn't recovering.

Still, I hope this disaster ends up putting some bullets in the hugely discriminatory prop 13. I don't think they can overturn it since it is a proposition but maybe they can increase the yearly tax increase % from 2% to say 5% until the property is assessed at full value or something along those lines
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