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

To: saveslivesbyday who wrote (203878)	5/23/2009 11:48:04 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"Prop 13 has been the problem all along. I grew up in L.A. and watched the republicans push that through" We have a similar law in FL. Both Republicans and Democrats who got in early seem to enjoy it. It needs to go... but it takes a 60% vote.

To: saveslivesbyday who wrote (203878)	5/23/2009 12:50:19 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

again, prop 13 isn't the problem. state revenues have increased faster than population growth and inflation. it isn't a revenue problem, it is a spending problem. eliminating prop 13 does nothing to reduce the problem of out of control spending. if prop 13 weren't in place, the unions would have fatter pensions, fatter medical and fatter benefits all the way around. the illegal aliens might have another $5 billion to blow on their illegal stay in the CA, too. nobody wants this but the fascist state unions and one way open borders fans (don't even ask for equal access to mexico!). CA is a strongly democratic state. the problem with prop 13 is that lots and lots and lots of democrats support it, too. i'm incredibly thankful that it protected me, a reasonable home buyer, from the sheer idiocy of the goons running the federal reserve and the folks who fell into their debt trap. you think it is fair that some folks would bid up homes well beyond their means to pay and the responsible home buyers should have their property tax tripled? oh, and then the irresponsible just walkk away - free and clear? screw that. everyone knew the rules when they purchased their home. nobody made them do it. if they didn't like the rules - DON'T BUY THE HOME. now, is it reasonable that people can pass down their home through inheritance and retain the prop 13 limit? probably not. adjustments like that are reasonable, but not getting rid of it altogether (at least on primary residences).