[quote=gzz]Prop 15 will generally not lead to rent increases on small businesses.
Rents are determined by supply and demand for rentable space, NOT BY COSTS.[/quote]
ever consider the really BIG picture of climate change where the jobs of the future are going to in the green sector????
(for example tesla which has a factory in Fremont CA)
truth be told prop 15 is a bleeding heart liberal political hack job that was written so that masses are distracted by inequities in property tax payments (AND that increased funds from higher property taxes will go to improve schools)
FWIW owners of apt buildings seem to be classified as “residential” (listen to a podcast by the santa clara tax assessor)
[quote]
At 06:43
…this one is a convoluted terrible initiative and the problem with it is for political reasons they are trying to exclude different types of properties
for example (and mostly for political reasons) they exempt apartments which are income properties
[/quote]
anyway as you said,… Prop 15 will generally not lead to rent increases on small businesses,… huh?!
just would like to point out, seems on the upper end of commercial/industrial of the real estate spectrum prop 15 will raise the property tax on tesla which has a factory in Fremont CA which in turn might force the company to look else where (just like high business costs forced buck knives out of el cajon years ago)
on the lower end of the commercial/industrial of the real estate spectrum prop 15 will raise the property tax on smaller mom and pop ag businesses (which is why the California Farm Bureau Federation is opposed)
given this forum now let’s consider the head pigg himself “rich” @ pacific capital
just a naïve guess but the building in which his business is located at:
4747 Viewridge Ave
Suite 107
San Diego, CA 92123
most likely will be reassessed at a higher “market value” property tax if prop 15 passes and the higher costs will be passed along to “rich”
OTOH the social justice warrior Prop 15 property tax increase most likely will cause some small business owners to move,… so decreased demand might make landlords stuck w/ commercial office space willing to eat the reassessed at a higher “market value” property tax OR decreased demand in office space might actually lower the investor demand for commercial office space (which will drive down prices investors are willing to pay)
in the past I thought LIBTARD was an unnecessary pejorative but looking at the details of prop 15, seems an apt adjective for this voter proposition
