[quote=peterb]Prop 13 is unfair as two homes within feet of eachother can have two vastly different tax payments. The recent buyers carry the tax load, while the people that have been “enjoying” the same govt services for decades pay far less. Govt services are not a capital investment to be enjoyed over the years. They are on-going costs that must be paid every month.
This may put downward pressure on home prices as the threat of rising property taxes may scare home buyers. If the law was structured that way.[/quote]
Fair???? Fair is subjective….From people that aren’t existing home owners, the “fair” thing to do perhaps do everything possible to crater home prices (though personally, I don’t think it will). Once a homeowner, the “fair” thing to do is to keep prop 13.
I’m pretty confident that
1)People who are against prop 13 aren’t currently owners.
2)Once people who use to be against prop 13 own a home, they will more or less sing a completely different tune….
So again, I think any “fairness” argument is subjective imho..
Besides, it’s not like anyone who really buys a home these day are going to be seeing any sizeable appreciation over the next decade anyway. So how does this really play into the purchase decisions of folks over the next decade… I mean, most places probably aren’t going to see much appreciation…well, except maybe santee…..
And if I were a landlord, I’d just pass the cost on to my tenant…Because everyone else would do it too… (what, you thought landlords would just eat the extra cost???)
So the only thing repealing prop 13 is to screw those who, well stayed put, kept there costs in line, etc. You know, people who….kept their finances in check…Sound familiar????
Anyway, this isn’t going to happen. Because in california, we’ve learned that if we don’t like the outcome of a proposition or revision to a proposition, all we need to do is get a special interests group to sue the state, and have the judge overturn the results…I’m pretty confident that that “special interests group” would end up being the real estate industry, and existing homeowners, which sorry to say, I think outnumbers folks interested in overturning prop 13….
