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To: mrknowitall who wrote (4095)9/20/1998 11:19:00 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 67261
 
I know a lot about this issue because I had to research it twice when trying to evaluate employee payscales.

Simple fact: The over-45 crowd is getting a free ride off the backs of the less wealthy GenXers in California with regards to real estate. Its a fairness issue, that is all. Many GenXers have a poor quality of life because of these unacceptable redistribution of wealth policies. The real tragedy is we take from the poor and give to the rich in this case.



To: mrknowitall who wrote (4095)9/21/1998 9:51:00 AM
From: j_b  Read Replies (2) | Respond to of 67261
 
<<Do you see how ridiculous that is? >>

Now you have ME confused. Although I agree with Proposition 13 (at least in concept, because the politicians were getting to a point where business were being taxed out of CA), I also agree with Michelle. For example, if you are on a fixed income and are retired, and your property taxes (and therefore the value of your property) have increased drastically, why do you have some sort of right to stay in that property? If you can't afford the upkeep or the taxes, you should sell the property and move to someplace cheaper. For example, in most of the midwest, you could by an estate with the proceeds from the sale of your house in Silicon Valley, have enough to pay the professional movers, and still put $300 or $400k in the bank to increase the amount of income you receive every month.

What makes you think anyone has an inherent right to live anywhere they want, even if they can't afford it?