What will the repeal of Prop 13 do to the market?

[SD Realtor]

Yeah I know FLU. Obviously there are just so many of these wealthy old people around. They just flood the San Diego area. It also goes without saying that there are tons and tons of kids who have these homes from there old but not dead parents and are not paying the so called market rate property taxes.

It is almost laughable.

At least the opponents for prop 13 should argue other problems with it (as there are many) and they don’t have much to do with residential real estate.

[sdrealtor]

I dont think anyone should be able to pass down their prop 13 tax basis to their heirs. Well one person should…ME. And there in lies the problem with repealing it.

[sdrealtor]

I dont think anyone should be able to pass down their prop 13 tax basis to their heirs. Well one person should…ME. And there in lies the problem with repealing it.

[sdrealtor]

I dont think anyone should be able to pass down their prop 13 tax basis to their heirs. Well one person should…ME. And there in lies the problem with repealing it.

[sdrealtor]

I dont think anyone should be able to pass down their prop 13 tax basis to their heirs. Well one person should…ME. And there in lies the problem with repealing it.

[sdrealtor]

I dont think anyone should be able to pass down their prop 13 tax basis to their heirs. Well one person should…ME. And there in lies the problem with repealing it.

[jpinpb]

BG – you do live in an older neighborhood, as I gather from your posts, I think down in Chula Vista area?

Now think about San Diego county in general. Then think about all of California.

Do you realize how much new construction we’ve had in the past 10 years? People that purchased w/in the past 10 years are not paying low property taxes.

I think those people far outweigh many of the few people who are paying low property taxes.

Now let’s address some of the heirs of these old properties. If they are smart, they will keep them. But so many of them have homes of their homes they purchased w/their own families. Brothers and sisters are likely to sell the outdated home of the parents so they can split the proceeds and use the money for their own struggling payments. So many people are not working or have less hours or cut pay.

I don’t have kids of my own and I still think we should not take away Prop 13. Do that and your taxes will be going up. Don’t like the amount you’re paying now. Stand by to stand by for it to be way higher.

[jpinpb]

BG – you do live in an older neighborhood, as I gather from your posts, I think down in Chula Vista area?

Now think about San Diego county in general. Then think about all of California.

Do you realize how much new construction we’ve had in the past 10 years? People that purchased w/in the past 10 years are not paying low property taxes.

I think those people far outweigh many of the few people who are paying low property taxes.

Now let’s address some of the heirs of these old properties. If they are smart, they will keep them. But so many of them have homes of their homes they purchased w/their own families. Brothers and sisters are likely to sell the outdated home of the parents so they can split the proceeds and use the money for their own struggling payments. So many people are not working or have less hours or cut pay.

I don’t have kids of my own and I still think we should not take away Prop 13. Do that and your taxes will be going up. Don’t like the amount you’re paying now. Stand by to stand by for it to be way higher.

[jpinpb]

BG – you do live in an older neighborhood, as I gather from your posts, I think down in Chula Vista area?

Now think about San Diego county in general. Then think about all of California.

Do you realize how much new construction we’ve had in the past 10 years? People that purchased w/in the past 10 years are not paying low property taxes.

I think those people far outweigh many of the few people who are paying low property taxes.

Now let’s address some of the heirs of these old properties. If they are smart, they will keep them. But so many of them have homes of their homes they purchased w/their own families. Brothers and sisters are likely to sell the outdated home of the parents so they can split the proceeds and use the money for their own struggling payments. So many people are not working or have less hours or cut pay.

I don’t have kids of my own and I still think we should not take away Prop 13. Do that and your taxes will be going up. Don’t like the amount you’re paying now. Stand by to stand by for it to be way higher.

[jpinpb]

BG – you do live in an older neighborhood, as I gather from your posts, I think down in Chula Vista area?

Now think about San Diego county in general. Then think about all of California.

Do you realize how much new construction we’ve had in the past 10 years? People that purchased w/in the past 10 years are not paying low property taxes.

I think those people far outweigh many of the few people who are paying low property taxes.

Now let’s address some of the heirs of these old properties. If they are smart, they will keep them. But so many of them have homes of their homes they purchased w/their own families. Brothers and sisters are likely to sell the outdated home of the parents so they can split the proceeds and use the money for their own struggling payments. So many people are not working or have less hours or cut pay.

I don’t have kids of my own and I still think we should not take away Prop 13. Do that and your taxes will be going up. Don’t like the amount you’re paying now. Stand by to stand by for it to be way higher.

[jpinpb]

BG – you do live in an older neighborhood, as I gather from your posts, I think down in Chula Vista area?

Now think about San Diego county in general. Then think about all of California.

Do you realize how much new construction we’ve had in the past 10 years? People that purchased w/in the past 10 years are not paying low property taxes.

I think those people far outweigh many of the few people who are paying low property taxes.

Now let’s address some of the heirs of these old properties. If they are smart, they will keep them. But so many of them have homes of their homes they purchased w/their own families. Brothers and sisters are likely to sell the outdated home of the parents so they can split the proceeds and use the money for their own struggling payments. So many people are not working or have less hours or cut pay.

I don’t have kids of my own and I still think we should not take away Prop 13. Do that and your taxes will be going up. Don’t like the amount you’re paying now. Stand by to stand by for it to be way higher.

[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.

[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.

[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.

[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.

[Author]

Posts