The only effect it could really have is if it caused us to repeal Prop 13. OR atleast portions of it, like the ability to pass on the property tax to ones children. Higher property taxes may have a small dampening effect on housing, especially in the beginning when people dont know what will ultimatly happen.
Yes, that’s my understanding too, California cannot go go bankrupt. I don’t know whether it can conceivably default on its bond obligations, though.
I think the biggest risk is that Prop 13 gets undone. The biggest hope is that the state addresses the absurdly unsustainable state-backed pension system.
Yes, that’s my understanding too, California cannot go go bankrupt. I don’t know whether it can conceivably default on its bond obligations, though.
I think the biggest risk is that Prop 13 gets undone. The biggest hope is that the state addresses the absurdly unsustainable state-backed pension system.
Yes, that’s my understanding too, California cannot go go bankrupt. I don’t know whether it can conceivably default on its bond obligations, though.
I think the biggest risk is that Prop 13 gets undone. The biggest hope is that the state addresses the absurdly unsustainable state-backed pension system.
Yes, that’s my understanding too, California cannot go go bankrupt. I don’t know whether it can conceivably default on its bond obligations, though.
I think the biggest risk is that Prop 13 gets undone. The biggest hope is that the state addresses the absurdly unsustainable state-backed pension system.
Yes, that’s my understanding too, California cannot go go bankrupt. I don’t know whether it can conceivably default on its bond obligations, though.
I think the biggest risk is that Prop 13 gets undone. The biggest hope is that the state addresses the absurdly unsustainable state-backed pension system.
One other effect may be to encourage out migration of better off Californians to escape the dysfunction. That will hurt the buy up r.e. It may eventually lead to CA becoming a two tier society like Brazil: the gated communities with self contained municipal services and the left behind who have to some how survive without a functioning state.
One other effect may be to encourage out migration of better off Californians to escape the dysfunction. That will hurt the buy up r.e. It may eventually lead to CA becoming a two tier society like Brazil: the gated communities with self contained municipal services and the left behind who have to some how survive without a functioning state.
One other effect may be to encourage out migration of better off Californians to escape the dysfunction. That will hurt the buy up r.e. It may eventually lead to CA becoming a two tier society like Brazil: the gated communities with self contained municipal services and the left behind who have to some how survive without a functioning state.
One other effect may be to encourage out migration of better off Californians to escape the dysfunction. That will hurt the buy up r.e. It may eventually lead to CA becoming a two tier society like Brazil: the gated communities with self contained municipal services and the left behind who have to some how survive without a functioning state.
