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

To: MSI who wrote (8929)	2/16/2003 6:10:45 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

The problem with undoing any tax-reduction like Prop 13 is, like the state lottery, suddenly everyone has their hand out, it all gets spent twice-over, and gov't ratchets upward. I think there is general agreement with this, but the problem is that one group (renters and people who cant afford to buy + recent buyers) feel "ripped off" by the system and its going to get difficult as all other California taxes go up to extreme levels (especially sales taxes) and these longtime property holders are unscathed.