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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (10929)6/2/2003 4:36:57 PM
From: Mr. SunshineRead Replies (2) of 306849
 
<<the notion that screwing others in order to get more for yourselves is ok. I can't recall but I think an inherent sense of fairness used to exist in CA.>>

Lizzie, this is actually one of the arguments that the Pro Prop 13 people make. They say it is not fair that their property taxes go up just because others decide to move into their area, buy expensive homes, and increase property values, and thus taxes. Why should they have to pay more just because someone else paid a lot for the house down the street? They are living in the same house they were before, their lifestyle has not changed, their income has not changed, in fact nothing has changed for them except that someone else, someone they probably do not know and have probably never met, has bought a house down the street. So why should their property taxes go up because of events that they have no control over and which does not benefit them? You call that fair?
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