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

To: Jim McMannis who wrote (12913)	8/21/2003 11:58:10 PM
From: gpowell	Read Replies (1) \| Respond to of 306849

Sure the capital gain exclusion was anticipated about 40 years ago when SV real estate prices started to double every 5 years. In any case, the topic was prop 13’s effect on realestate prices in California. BTW, you mentioned in a previous post that Prop 13 was a give away by politicians in order to garner votes. Actually, it was a grass roots ballot initiative to control government spending – most politicians and many corporations, who stood to gain from it, were against it.