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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Ramsey Su who wrote (12404)8/15/2003 8:01:50 PM
From: Lizzie TudorRead Replies (5) of 306849
 
It just happened to be a by product.

I agree it is a by product, unintended, but there it is, nonetheless.

And I'm sorry that people would be blindsided with what their property taxes might be from one year to the next without prop 13- although as far as I know every other state has this issue and deals with it- however maybe there is a way to mitigate the damage of sticker shock for a property tax increase in some way.

However, there is not much in my mind that can justify Warren Buffet's 2K tax bill on a FOUR MILLION dollar house, when myself and every friend I have is paying 6-10 times that, to live in fairly humble arrangements in CA.

No doubt there will be folks, some of whom have made the case on this thread before, that this system is somehow fair and just. I doubt it flys this time though, hooray!

My view is that the repeal of prop 13 means LOWER property taxes for me and most I know, LOWER property prices overall and better services.
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