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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (12407)	8/16/2003 1:08:39 AM
From: onewaypockets	Read Replies (1) of 306849

...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... Lizzie...people were blindsided by property tax increases in the mid 70's in California. That is why, out of desperation they passed Prop 13. Prop 13 was the peoples way of taking back an out of control government after they could not "deal with it" like you say in any other way. Other more conservative states did not have freaks like governor "moonbeam" Jerry Brown and Lt Gov Mervyn Dymally at the helm during this time. California has a long wacked liberal history of tax and spend, well...sorta like electing Gray Davis. Davis has the same history as Brown, spend money you don't have to repay the interests that got you elected, and then worry about the problem later. The unresponsive politicians did not listen then and property taxes were going up something like 25% a year. I grew up in So. California and I remember my parents ashen faces around the kitchen table looking at their tax bills that had gone up some huge amount AGAIN. I am not exactly sure (teenager haze) but I seem to recall that their taxes doubled in three years. They really had to scramble to make ends meet. Honestly there was talk of selling the family home and that is with both my parents working. Widow and orphan stories were in the papers. Lizzie, you are "sorry" about people that might get blindsided by property taxes, like they just should sigh and write the check. Transfer a little more money out of savings....no prob. For many many people it is not there. My father had a civil service job and my mother was a switchboard operator on the swingshift. The “little more money” meant cut something else. Lizzie, where you are missing the point is Prop 13 protects ALL of us regardless of how long we have owned our homes. With Prop 13 you always know where you stand. It is true that people that stay put and live in their homes for, say, 10 or more years have a sweeter deal. More recent homeowners see imbalances and want equality at all costs. They don’t realize that out of control types like Gov Davis would love to see the Prop 13 firewall go down and have another way to pay for all those programs, Workmans Comp benefits, power contracts, and probably even more spending they could dream up overnight. Lizzie your property taxes might only double who knows. But you know that older retired couple that lives a few doors down might go up about 600%. But damn it, that would be the fair thing. P.S. The school system sucked before Prop 13 and it sucked after. No diff.

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