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

To: Tradelite who wrote (12522)	8/17/2003 7:33:42 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

Prop 13 so far isn't sounding like the villain it has been made out to be. Uh, Tradelite, ARE YOU FOR REAL? Warren Buffett, one of the worlds wealthiest individuals, lives in a 4 million dollar house and pays 2k in taxes in California, and saw his taxes rise $20. last year. My employees, who make between 60K-90K and probably have a net worth of less than 200K TOTAL, live in a house priced somewhere between 500-600K and pay 3-4 times what Warren Buffett pays. It is self absorbed rational logic like this that has the state in such a mess. If you can't see the inequity in this then I have a bridge to sell you.