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

To: portage who wrote (13023)	8/23/2003 2:45:49 AM
From: Elroy Jetson	Respond to of 306849

Tough love for the Prop 13 welfare crowd. I see the makings of a great bumper sticker there!

To: portage who wrote (13023)	8/23/2003 3:11:07 AM
From: PerryA	Respond to of 306849

Anybody here REALLY believe that these guys would give a rat's ass about the poor old codgers if a change in Prop. 13 didn't threaten their own windfall That, of course, is democracy run amuck. Whatever happened to the lesson that democracy by itself is two wolves and a sheep voting what to have for lunch? I suppose we are about to learn what constitutions and the rule of law are all about. Regards, PerryA

To: portage who wrote (13023)	8/23/2003 12:00:47 PM
From: fatty	Respond to of 306849

It was beyond my age to understand the climate of the time. But real estate always go up just like the stock market and personal income, so why in 1978, the house owners of California decided the best way to restrict government spending was to make sure the taxable value of their house stayed artificially low for the years to come? Imagine the same proposition applied to stock investment and salary. Isn't it ridiculous if the government can only tax my salary based on the first year I enter a certain profession? Isn't it ridiculous if the government can only tax my stock investment based on the first time I purchase the stock?

To: portage who wrote (13023)	8/24/2003 12:22:10 AM
From: JF Quinnelly	Read Replies (1) \| Respond to of 306849

Well, I have elderly parents who don't need to worry about being pushed out of their home, and neither do their friends. You know, the "greatest generation", the ones you pretend to admire when you watch "Saving Private Ryan", and whom you dismiss as welfare freeloaders when you find your own taxes too high. Thanks to Prop 13, being taxed out of your home when you are on a fixed income is not a worry for the elderly. But I'm sure that you and your friends can make it one once again. Anybody here REALLY believe that these guys would give a rat's ass about the poor old codgers if a change in Prop. 13 didn't threaten their own windfall ? Oh, unless it's their parents and they stand to inherit the house and benefit from the absurdly low tax rate that comes with it. That says a lot about your own values. Apparently you can't even imagine someone not being motivated solely by money or the anticipation of getting it. Sad.