SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Conan who wrote (8919)2/16/2003 5:48:48 PM
From: MSIRead Replies (1) of 306849
 
Overall, I think Prop 13 comes in second to the no-growth and slow growth laws and legal hoops as an explanation of the price appreciation.

FWIW, probably immigration (from other states as well as other countries) is first, no/slow growth laws second, and Prop 13 a close third, all three being big promoters of demand for housing in CA. The education system is a big reason for immigration and for business growth, etc.

The problem with undoing any tax-reduction like Prop 13 is, like the state lottery, suddenly everyone has their hand out, it all gets spent twice-over, and gov't ratchets upward.

Federal gov't is far worse than any state and should be cut 50%, which would increase world security and leave $1 trillion/year more for citizens and states.

Fat chance of that, of course, short of a national referendum to eject 80% of the Washingtonians.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News