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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 (12615)	8/18/2003 10:59:07 PM
From: David Jones	Respond to of 306849

.....if the state of CA defaults, then "permanently frozen property tax rates" (that had to be prop 13....... What does one have to do to get it through to you that Prop 13, DOES NOT PERMANENTLY FREEZE PROPERTY TAX! And where is that info about Pleasanton being broke because the old fuddy duddies didn't sell out when People Soft moved in? I can tell you if you'll listen? Pleasanton is not broke, not even close. They have a huge income and solid general fund stemming form their commercially zoned property and high citizen income levels. Every city within twenty miles wishes they had Pleasanton's problems. Plus a guy named Joe Callihan had the vision to propose and develop the very business park PST is in and lost it all in those wonderful 80's you spoke of.