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

To: Amy J who wrote (16999)	2/9/2004 10:14:30 AM
From: Spekulatius	Respond to of 306849

The issue isn't if people live in their homes. The issue is all the people that buy 2nd and 3rd homes in the Bay Area - they are artificially consuming supply here due to the benefits of prop 13 (their words, not mine.) This negatively impacts the new hire. I think you hit a nail on the head. A lot of competition for home buyers comes from investors. The Porp. 13 may be a problem as it is but i see an justificiation for that because the rationale is that people should be able to stay in their homes regardless of the appreciation. There is no such rationale for business or investment properties, IMO. By the way, Lizzie own some homes for investment properties too, as far as I remember.

To: Amy J who wrote (16999)	2/9/2004 1:11:14 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

AmyJ, re: California/13 Arnold has asked for passage of props 57 and 58 in the march election. These are the bonds and balanced budget amendments. SV management also supports 57 and 58. But take a look at 56.... it appears to roll back the 2/3 vote on taxes required from the 13 days to 55%. Unfortunately I only have the sample ballot here, I seem to have lost that voter info packet, so I am trying to get more details. I don't see any endorsements from Arnold on anything other than 57/58. FWIW a great PBS documentary "first to worst" on the situation with CA public schools. This documentary looks at the ramifications of 13 on schools, but also other factors such as state vs. local control and other challenges to the CA school system. pbs.org "They’re like Calcutta," a former high ranking education official says of public schools in California, the subject of the new Merrow Report documentary FIRST TO WORST. Hosted by John Merrow, the program chronicles the rise and fall of California's public school system, the largest in the nation and home to one of every eight American students.