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.

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

To: bentway who wrote (463373)	3/12/2009 7:25:11 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1576154

Bentway, > In most states, local RE taxes pay for the schools. CA has to get a lot of it's funds elsewhere. Eliminating Prop. 13 will only go after those who are living in homes whose value is still above their purchase price adjusted for inflation. Most of them can't afford to pay the property taxes if it were based on the actual value of the home. Hence a lot of them will move out, causing real estate prices to fall and a lot of the RE taxes to disappear as well. I tried to explain that to Ted, but he's not a very good listener ... Tenchusatsu