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: tejek who wrote (168730)	12/3/2008 4:13:11 PM
From: Peter V	Read Replies (2) of 306849

Prop 13 did not REDUCE taxes for new buyers, it simply kept them somewhat level from the time they bought. And it was enacted 30 years ago. So I don't buy your theory that it caused a bubble for new buyers, at least one that has any effect now. And now that the bubble has popped, why isn't Prop 13 keeping prices inflated? Moreover, we saw plenty of bubbles in other states that don't have Prop 13.

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