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: Amy J who wrote (12590)	8/18/2003 7:08:10 PM
From: Lizzie Tudor	Read Replies (2) of 306849

Hi AmyJ, I heard on one of the talking heads shows yesterday that if the state of CA defaults, then "permanently frozen property tax rates" (that had to be prop 13 they were referring to) will be abolished. The commentator acted like these state laws regarding taxes could and would be overturned in the case of a default. What is your sense of this? I am not ruling out a default, that is for sure.

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