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: ild who wrote (12386)	8/15/2003 2:57:43 PM
From: Elroy Jetson	Read Replies (3) of 306849

Repealing Prop 13 may look very good to most people compared with the alternatives. It will take quite a large consensus to repeal or amend a proposition, but we may very well be coming up on that. That's what makes California so fun. The recall law and the ease of putting propositions on the ballot all date back to the gold rush days in one form or another. I think the Prop 13 property tax freeze for non-residential property is a goner for sure. Residential Prop 13 for people under 65 is at least a 50-50. Being able to inherit your parent's Prop 13 basis is long overdue to say goodbye. Just my guess.

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