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: Whitebeard who wrote (43853)	10/30/2005 12:47:37 PM
From: Lizzie Tudor	Read Replies (1) of 306849

thats fine, everyone has sympathy for those who were forced out of their homes in the 70s. The problem is, today we have entire neighborhoods of absentee landlords paying under $1k for services that cost 3x that, and skyrocketing property values based on lack of availability. A happy medium is required here. Raise the annual appreciation amount and for those houses assessed at 1/10 their current value, reassess to 1/4 of their current value or something. And disallow 13 on investment property. That would fix everything. For those that really are concerned about "being forced out of their homes", they would still be protected. But the rest of the people who use this 30 year old issue as an excuse for investment incentives, will be SOL. Thats ok. BTW the days of being able to afford a house, any house in CA in your 20s are long past. 13 basically screwed the future generations out of something that was practically assumed for people your age. You got rich- at their expense.

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