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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: GoldBull no bug here who wrote (5002)	3/25/2006 12:29:43 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 217653

One quick Google search to see what this is about, and with 10 seconds review, I now have an expert opinion that repeal of Proposition 13 is a certainty. <Even those of us with more than 20 years experience still run into convuluted issues involving Prop 13 that we have to refer to the lawyers. And for what? To maintain a tax roll that in the last 25 years since Prop 13 passed has resulted in the residential proportion of the overall real estate tax billings in the state going way up and the commercial proportion going way down. One of things Prop 13 did was roll back all property values to their March 1, 1975 levels. Unless property changes hands or has new construction, the assessor cannot touch that March 1, 1975 value except by increasing it a maximum of 2% a year. Real estate appreciation has averaged more than 2% per year in CA for the last 25 years, far more. That's why we now have the highest valued real estate in the world. > smartvoter.org Since elections are held by individuals, not companies and their wealth doesn't give them more votes, we can bet that something which inflicts pain on the voter is not long for this world, even if somebody else gets increased pain. On the other hand...http://www.hjta.org/content/ARC000024B_Prop13.htm Mqurice

To: GoldBull no bug here who wrote (5002)	3/25/2006 1:03:08 AM
From: energyplay	Read Replies (1) \| Respond to of 217653

I expect to see a separation of residential and commercial property taxation. So the commercial side will get hit, they have kept thier taxes down by selling the corp. that own s the property, instead of the property. This keeps the valuation from being changed. The legislature could try to repeal Prop 13 for residential : but with initiatives and recalls that would be stopped. The percentage of families owning homes has increased somewhat since Prop 13 was passed, and home owners vote. I expect a repeal is very unlikley. Besides, California state government really doesn't need more money - they get +7% sales tax (sahred with local governments), there is a heavy income tax with no lower rate for capital gains. California has had big raises for many employess under Gray Davis, and lots of stupid spending of politically correct stuff. ********** To repeal Prop 13 will require more left Democratic voters who don't own property. High costs in California tend to cause poorer CITIZENS and VOTERS to move to other states. They tend to replaced with people who can't vote, at least not for a number of years... Property values in Compton (a rought town in LA, one old rap album was called "Straight out of Compton") are soaring as the neighborhood gets better.