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: MulhollandDrive who wrote (49590)	3/6/2006 12:26:38 PM
From: Lizzie Tudor	Read Replies (2) of 306849

now that California has been living with these laws for 40 years we can all see where the flaws are. - yearly assessment increases too low - don't allow investment property to be property tax capped - leave off commercial property for gods sake! - no "grandfathering" to family members Just do the above 4 things and Arizonas law might be a good one. The principles of these laws are good, but in Californias case it has run amuck and turned into a giant age discrimination vehicle where people under 35 end up footing the bill for the ENTIRE STATE while the older folks get rich with little downside.

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