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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: David Jones who wrote (34615)6/29/2005 10:27:36 AM
From: Jim McMannisRead Replies (2) of 306849
 
RE:">>>>>Where do you think housing prices would be without the lifted limiting factors afforded by prop 13?<<<<<
Right where they are now."

OK then, repeal prop 13 and let property taxes adjust to current home values. Then see what happens to home prices in California.
Wooosh. People taxed right out of their homes. Huge inventory rise. Crash.
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