The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (9010)	2/18/2003 1:51:16 PM
From: Jack of All Trades	Read Replies (1) of 306849

"The thing that rekindled it for me is the budget crisis in the state, now all the renters have to pay increased sales taxes, taxes on everything but once again... long time homeowners are "exempt". " Increase in sales taxes are paid by everyone that purchase items??? I would think the renters are the ones with the tight budgets these days, so their discresionary spending would be less. One way to kill Prop 13 is to have a bunch of banks stuck paying the tax bill or local gov stuck with property that is not generating any tax revenue. They'll soon figure out they need to change the law... IMO

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