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

To: edward miller who wrote (12520)	8/17/2003 5:13:43 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<This is all about unfair taxation and having a huge tax advantage just because one bought prior to Prop 13.>> And you want retroactive "justice" against all those property owners who are supposedly sticking it to the newcomers? My only thoughts on this are twofold: (1) Good luck with any political move to retroactively stick it to anyone currently benefitting from Prop 13. (2)Many of those homeowners you'd like to stick it to are probably wealthy enough to withstand just about any tax increase their state or local government wants to impose on them. And many of them will either find a way to make money on the property they hold (at the expense of tenants)....or they fit into the category of some people I know who own stuff just because they "want" to. You won't find a crowbar strong enough to get it away from them--at least not fast enough to make a difference in California's housing situation during your lifetime. Prop 13 so far isn't sounding like the villain it has been made out to be. Getting rid of it doesn't sound like salvation, either. But what do I know? I just know if we had it where I live, it probably wouldn't make any big changes in the status quo if it were repealed.