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View Diary: Why are Gov. Brown and Sacramento Democrats trying so hard to raise taxes on the 99%? (107 comments)

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  •  it's not all CA homeowners (0+ / 0-)

    just the older affluent ones with locked-in cheapo rates. the rest of the younger homeowners in the state pay higher rates to make up the difference.

    •  That really depends. (0+ / 0-)

      People who are buying in the bottom here are going to be locked in witch cheapo rates, too, because the other part of Prop. 13 locks the land's valuation at the time it was bought until it changes hands again.

      So younger buyers buying right now?  They're going to clean up.  I'm in that position myself.

      •  rates now are hella high relative to the older (0+ / 0-)

        houses with insane 70s and 80s valuations. even in the worst crash imaginable, real estate prices aren;t going anywhere near what they were back then. and that's not even getting into mello-roos fees &c.

        the young and non-rich subsidise the old and rich in this state, and everyone subsidizes corporations. there are no redeeming features to prop 13.

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