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: Amy J who wrote (12679)	8/20/2003 11:14:36 AM
From: the_wheel	Respond to of 306849

One of the unintended consequences of Buffet's offhand remark is that it generated mucho free entertainment on this thread.

To: Amy J who wrote (12679)	8/20/2003 12:16:14 PM
From: Jim McMannis	Respond to of 306849

RE:"Why do you think Real Estate Investors (of homes they hold), should be given a government handout?" Prop 13...have you forgotten all the other tax breaks real estate gets? Supposedly all this was supposed to promote home ownership. Something went wrong, obviously.

To: Amy J who wrote (12679)	8/20/2003 5:51:04 PM
From: David Jones	Respond to of 306849

....Please answer this question: Why do real estate investors get the prop 13 handout?.... Every person that owns property in California has his or her property taxed the SAME WAY. Because in 1978 a super majority of voters passed by voter ballot a proposition that rolled property taxes to 1976 levels. Setting a limit of 1 percent tax on the purchase price, per year, with a 2 percent maximum rate increase per annum as long as one owned said property. .....but what is not valid is, Prop 13..... Tell it to the legislation and the courts that unheld it. .....Why do you think Real Estate Investors (of homes they hold), should be given a government handout?..... Simple, they are not.