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View Diary: Surprise! California Becomes Governable (35 comments)

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  •  Well (0+ / 0-)

    How about the 1% RE Tax on when you bought the house instead of market value based on current valuations?

    If you bought a house in Atherton in 1979 for 300k you pay 3K in RE taxes even though your house is now worth 3M.  Fair?

    How about that the RE Tax is not filtered through local/town government needs first but instead goes first to Sacramento and is then distributed back to the communities based on their population as it existed in 1978?  Hello Cupertino?

    One could go your homework before spouting off would be my advice.

    "When you're wounded and left on Afghanistan's plains, And the women come out to cut up what remains, Jest roll to your rifle and blow out your brains An' go to your Gawd like a soldier." Rudyard Kipling

    by EdMass on Thu Nov 08, 2012 at 10:40:16 AM PST

    [ Parent ]

    •  If you've lived in the same place since 79 (1+ / 0-)
      Recommended by:

      Then you're probably getting ready to retire about now.

      Possibly on a fixed income.

      That's why Prop 13 passed.....stories about people on fixed incomes who had to sell their houses because they couldn't afford property taxes.

      •  Prop 13 (0+ / 0-)

        "...stories lies and exaggerations about people on fixed incomes who had to sell their houses."

        Fixed that for you.

        Prop 13 has always been first and foremost a huge giveaway to commercial real estate landlords. The bulk of the tax savings from Prop 13 went to and continues to go to corporate landowners.

        Private homeowners, the kind who have been made the poster children of Prop 13 propaganda, are saving pennies on the dollar compared to what huge commercial skyscrapers are saving.

        •  Mine the Colorado River? Big wall in Barstow? (0+ / 0-)

          For as good a deal as Prop 13 may be for commercial real estate owners; chances are, they can get an even better deal in Arizona or Nevada.

          If commercial real estate owners want to move operations out of state, California can't put import tariffs on good from Arizona or Nevada.

          Even movie studios can move production to Vancouver and software companies can move to Austin.  (or Bangalore.)

          California still has the 3rd highest unemployment in the country.

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