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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Paul Viapiano who wrote (10918)6/2/2003 2:49:04 PM
From: Lizzie TudorRead Replies (4) of 306849
 
maybe you weren't reading this thread when we discussed it here - I completely agree with you as do some others.

The only people who really support prop 13 are the elderly people who truly are the beneficiaries in 2 ways, first they pay effectively no taxes at this point in many cases are just freeloading, but more importantly this law increased the inevitable property appreciation and they benefitted from that. The whole thing is a real sham, and a complete ripoff of the young and working folks. Sortof a statewide version of the social security situation, imo, where one demographic group benefits at the expense of others.

Another casualty of prop 13 was the schools in CA which went from first to worst in 30 short years.
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