[quote=bearishgurl]
In your spare time, why don’t you order up some plat maps at $2 pg in your old stomping ground (Del Cerro/Allied Gardens?) and take a look for yourself, SK?
You might be shocked at what you find :=0[/quote]
Interesting you should mention that. I just walked through roughly 1/2 of the western half of old Del Cerro last weekend, and pointed out to my girlfriend the history that I knew of all the houses on each block. Out of more than 150 to 200 houses we walked by, I know for a fact that more than 1/2 have changed hands. Of the 28 homes on the block I grew up on, all but 5 have been sold since 1976 (which was the base valuation year for prop 13). And there are dozens of homes that hadn’t even built by 1978.
Your argument that population growth is primarily non property tax payers is wholly fallacious. Much of the growth is organic. And all new residents need a place to live, so it doesn’t matter whether they own or rent. They’re still living somewhere. I’d be surprised if half of all residences in the state were built post 1978.
And the argument that they’re paying 1/10th of 1% of value is BS. If 1% of the state has valuations that low I’d be surprised.
