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

To: PerryA who wrote (12960)	8/22/2003 2:04:05 PM
From: William JH	Read Replies (1) \| Respond to of 306849

I bought my current house in 1987. My property taxes have gone up 2% a year every year since then. What's unfair to you about that? How is it that so many here know what my taxes should be?

To: PerryA who wrote (12960)	8/22/2003 2:13:03 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

I read somewhere that some states have implemented prop-13 like laws but targeted at spending, not taxes. I lost the article and now can't find it... I admit I'm a little confused because states already have balanced budget provisions. So it must be that spending in a particular year over year period can only go up with the rate of inflation or something. That might be fair, certainly it is fairer than what we have here. Yeah most here are just arguing with their pocketbooks as that prior poster said to me. I really do think CA is stuck in here though. The jobs are gone and we are heading to about 1991 level tech employment. That and stock market gains are gone. Without this revenue there isn't enough money given the unfunded mandates from the fed. I think I'm one of the few here that really looked at the budget. It is intuitively obvious that it takes more than $400/year in prop taxes to fund fire, police and schools for a family of 4. The money has to come from somewhere and that used to be the tech workforce and stock market. I know we have a rally now in stocks but we won't overcome the losses of the last few years for eons. And stock options are effectively gone, another boom for the state.