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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (283401)	4/11/2006 2:49:34 AM
From: tejek	Respond to of 1572124

Ted, it is my firm belief that California's troubles didn't start w/ Proposition 13. Think about it, if Prop. 13 created a boom in housing prices, then the CA state treasury will still cash in no matter what. People moving into the state will get the shaft, along with people who move from one house to another within California. I didn't live in CA during the 1970s and early 1980s, but those that did said they began to see a change by the mid 1980s. In fact, by the time I was arriving in the late 1980s, you were hearing of people starting to leave because they didn't like the direction the state was going. Of course no one complained too much, because everyone was making big bucks when they sold their homes. By 1990 or thereabouts, the state was reporting that out-migration to the other states was greater than in-migration from those same states. Only in economic slowdowns had that happened before.......this time, though, there was no slowdown. However, in migration from other countries, both legal and illegal, continued to grow. The big problem is the influx of new residents. The legal ones have helped create a supply-demand imbalance in real estate (myself included), Prices for CA housing were always destined to go up because the major CA metro areas are all on the coast and the whole west side of those metro areas is Pacific Ocean and to the east are mt. ranges. That restricts the amount of land available for development. Whenever there is a shortage of land coupled with even slow population growth, higher housing prices are inevitable. while the illegal ones have burdened public services and exacerbated the conditions of poverty in areas that are already poor. You could argue that without Prop. 13, many current residents will be forced to move out because of real estate speculation and its impact on property taxes, but no Californian politician would ever stand for that. And the illegals will still be pouring in anyway. I agree that the illegals are an added burden......plus the state gov't is poorly managed.