Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: portage who wrote (9044)	2/19/2003 12:04:26 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

I know, getting into these discussions is fruitless, I knew that when I started it but since I was bored that day, I figured... why not? It is just like discussing real estate commissions with Tradelite or capping SS payouts with someone age 55. There is obviously some inequity... its clear to anyone who even bothers to look, so their only argument is to change the subject to the overall RE industry, or the fact that all taxes are bad, or some other cheap escape route. Personally I think this budget crisis might be the day of reckoning for prop 13 though. Some of the law can't be overturned since it is law but other stuff is all in the details. Maybe they can up the % increase per year on these people, or kill the grandfathering to generations or something. At least a little chipping away would help, otherwise we will have a set of very wealthy people in this state whose sole contribution was that they happened to be homeowners in 1978- outstanding year that it was. Lizzie