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

To: Jim McMannis who wrote (203901)	5/23/2009 8:22:14 PM
From: orkrious	Respond to of 306849

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. Most of the people I've seen here that have an opinion on this don't like laws like Prop 13. I'll take the other side. Inflation sucks. If house prices go up because of inflation then people's taxes shouldn't go up. The average person's income doesn't go up as much as inflation. They can't possibly keep up. In Michigan I think the increase in RE taxes is limited to 3%/year. That's reasonable. I read that CA's limit is 1%. That sounds low. If a municipality can't live on that they need to learn how to. I read that CA's limit is 1%. That sounds low. But repealing the limit only gives more taxing power to the gov't.