Point taken. I did not realize it only applied to then-current property holders. Considering the prices here, even after the bust.... I mean, I have seen more than one listing of a *mobile home* --- in a park mind you, not even on its own lot -- that top a quarter million dollars. Your basic custom home up a ridiculous road in the mountains seems to run five to ten million.
On Mon, May 17, 2010 at 12:58 AM, Robert Munn <[email protected]> wrote: > > I present my own case on the market distorting effects of Prop 13. I > purchased a house in San Diego in 2003. Many of my neighbors are > original owners or children of the original owners (more on that in a > moment) who purchased their homes in the early sixties, when homes > were less than 10% of their current value in many neighborhoods. > Because of Prop 13, I pay more than 10 times what those folks pay in > annual property taxes. In seven years, I have paid more in taxes than > they have in nearly fifty years. In just a few years I will have paid > double, and within ten years I will have paid triple, and it only gets > worse from there. > > People are encouraged by this economic distortion to stay in their > homes as long as possible. The legislature also passed two other > propositions that allow you to 1. sell your house and take your tax > basis with you to another property (one time exemption), and 2. > bequeath your tax basis along with your house to your children. > Effectively, Californians who were lucky enough to own property in the > Golden State before the recent property boom (and maintain a property > in California) are largely exempt from property taxes. Why is > California protecting one class of citizens over others? > > So why does it matter? Property taxes fund roads, schools, and other > basic infrastructure of a neighborhood. My neighborhood and many > others around the state are frozen in time, unable to raise funds to > modernize schools, repave roads, and maintain infrastructure. Now that > the state faces a budget crisis of epic proportions, we need to phase > out Prop 13 and increase revenues from property taxes in these older > neighborhoods, because they do nothing but drain money from the > coffers. > > Oh, and the kicker is that these are the same retired people who I > used to see at the local Starbucks who would tell me to hurry on to > work and earn their Social Security checks for them, knowing full well > that the federal system is going broke too, but not caring because > they will likely be dead once it collapses. Ha, not so lucky, bitches! > > So back to the marijuana debate, yes, street prices are apparently in > free fall because of medical marijuana, and it is ravaging the local > economy in northern California. When Californians vote on legalized > marijuana in November, those counties will almost certainly vote no by > a large margin. Talk about the distorting effects of a policy- the > most prolific growers in the U.S. are going to vote against > legalization in order to maximize profits. > > > > > On Sun, May 16, 2010 at 5:08 PM, Cameron Childress <[email protected]> wrote: >> >> On Sun, May 16, 2010 at 7:18 PM, Dana <[email protected]> wrote: >>> ah. perhaps. >> >> If you buy a house identical to your next door neighbor, with an >> identical valuation, you are going to be paying more property taxes >> then they are. Sometimes exponentially more. >> >> There is real reason this think that if Prop 13 never existed, >> California would not have a budget crisis right now at all. >> >> http://repealprop13.org/ >> >> -Camero > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:318706 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
