[quote=dumbrenter][quote=SK in CV][quote=dumbrenter][quote=SK in CV][quote=dumbrenter]Your fix will have a nasty side-effect of rents going up drastically.
[/quote]
Why? How?[/quote]
The increase in property taxes will be passed on to the renters.[/quote]
Really? You think there are a lot of landlords now that are leaving money on the table, keeping rents lower because their property taxes are lower?
Not. A. Chance.[/quote]
huh?
It is ok for you to have a different opinion about future and it is also ok to say I am wrong. I wish you the best with whatever version of future you are thinking of.
But what is not ok with me is for you to make up things I never said. I never said a word about current rents and margins being made by landlords. Again, I said that the increase in property taxes will be passed off to renters.
While I like to have a conversation with people who hold different views, I do not like your twisting of things (intentional or otherwise), responding with questions and being lazy with words. Do not expect me to respond if you persist with such behavior.[/quote]
I’m not really twisting anything. What you said is that if prop 13 is repealed, rents will go up, because an increase in taxes will be passed on to tenants. There is a presumption in that claim that rents are determined based on a landlords expenses. Hence, the only reasonable conclusion would be that a landlord who bought many years ago, and has lower taxes, would charge lower rents than a landlord who just recently purchased and has higher taxes. If your claim was based on some other conclusion on the effects of a repeal of prop 13, please explain.
