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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (7684)	12/31/2002 12:40:37 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 306849

good analysis of why it will be difficult to do away with prop 13. you are probably most definitely for sure right about the situation. i was speaking rather tongue in cheek as i do when talking about any reasonable change that has a snowball's chance in hell of happening (we had a boring talk about gun abolition on the Cisco thread in this vein...actually made the option expensing discussion seem interesting). not that it matters to me personally--i live in TX but i have a very clear memory of prop 13 when it was put together, by that dude named Jarvis and there was all kinds of Jarvis paraphenalia--Jarvis watches, Jarvis shirts...probably costs a fortune on Ebay now. otoh, Californians must pay very high income tax thanks to prop 13. compared to zero income tax in texas. eventually i guess the state (CA) will become too expensive for its own good. how bout CA going bankrupt--can a state really do that? i guess Orange County set a nice precedent! they should all move to texas and drive up the property values here. it will take 100 years with all the land here. apparently if all the people in the world were grouped together in "standing-room only" fashion, they could all fit on Rhode Island (or maybe that was just Americans, but i think it was everybody). so let them move to texas and there will be no overcrowding for several millennia. and no prop 13. just don't mention gun control or you'll rile the natives.