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

To: Think4Yourself who wrote (204727)5/29/2009 1:24:16 AM
From: Live2SailRead Replies (2) | Respond to of 306849
 
I would expect housing in CA to totally tank if Prop. 13 were simply repealed. I don't think that it ever gets repealed.

I am not for repealing Prop. 13 in one fell swoop. It would cause too much turmoil. I would like the cap on the permissible annual increase to be lifted to 5% from 2%, so assessments could slowly catch up to their actual values. I am not for raising the percentage tax.


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