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

[jpinpb]

The reason I mention toll roads is b/c the money they derive from that is to take care of the roads. Hence the monies generated from the high property taxes theoretically is not for highway maintenance/repair. While they have snow and ice, we have sun beating down on our roads all day. One could argue the heat does as much damage. Not to mention the rains we get in the winter. Plenty of flooding causing road damage.

But however the money is generated and spent in NJ, they have managed to use it and still be in the hole. Do people really think that if we give the State of California more money that we will be in the black and fiscally healthy again?

I’m not even a gambler, but I’ll bet that we will eat through any money generated and be in the hole again in no time.

But the talk of the revenue was b/c some arguments are to repeal Prop 13 b/c the state needs more money. Besides property tax and sales tax, we have money from the lottery. We have money from cigarette tax, gasoline tax, etc, etc. The list is long. The more we give, the more they use, the more they want.

I just think even though we are paying higher taxes than someone who bought in the ’70’s, at least there is a limit to how high they can raise it. If I bought today, at least I know the taxes won’t keep going up to infinity and beyond.

If hypothetically 10, 20 or 30 years from now property values go up to ridiculous levels in another bubble, I’ll be a senior by then. At least my taxes won’t rise to the next bubble levels.

Without Prop 13, I could see property taxes going through the roof. It will make it extremely difficult for people to afford to maintain a house.

While there are rich people in LJ paying low taxes, Prop 13 really helps any homeowner. Look at the big picture. Many middle class people own homes throughout California.

[jpinpb]

SDR – while I was writing my post and yours posted right before mind. You much more elegantly stated my thoughts. Thanks.

[jpinpb]

SDR – while I was writing my post and yours posted right before mind. You much more elegantly stated my thoughts. Thanks.

[jpinpb]

SDR – while I was writing my post and yours posted right before mind. You much more elegantly stated my thoughts. Thanks.

[jpinpb]

SDR – while I was writing my post and yours posted right before mind. You much more elegantly stated my thoughts. Thanks.

[jpinpb]

SDR – while I was writing my post and yours posted right before mind. You much more elegantly stated my thoughts. Thanks.

[ILoveRegulation]

[quote=jpinpb]
Without Prop 13, I could see property taxes going through the roof. It will make it extremely difficult for people to afford to maintain a house.

While there are rich people in LJ paying low taxes, Prop 13 really helps any homeowner. Look at the big picture. Many middle class people own homes throughout California.[/quote]

Property tax is just one type of tax that Californians have to pay. Income tax is another huge tax in California. If property taxes are artificially limited via proposition 13 and other props, then the state will just increase income tax because that is the tax they can increase. In California, income-earners subsidize property owners.

Why should the taxes of property owners be limited while the taxes on income earners are unlimited? Young, productive workers are subsidizing the lifestyles of all those retired old fogeys in La Jolla.

[ILoveRegulation]

[quote=jpinpb]
Without Prop 13, I could see property taxes going through the roof. It will make it extremely difficult for people to afford to maintain a house.

While there are rich people in LJ paying low taxes, Prop 13 really helps any homeowner. Look at the big picture. Many middle class people own homes throughout California.[/quote]

Property tax is just one type of tax that Californians have to pay. Income tax is another huge tax in California. If property taxes are artificially limited via proposition 13 and other props, then the state will just increase income tax because that is the tax they can increase. In California, income-earners subsidize property owners.

Why should the taxes of property owners be limited while the taxes on income earners are unlimited? Young, productive workers are subsidizing the lifestyles of all those retired old fogeys in La Jolla.

[ILoveRegulation]

[quote=jpinpb]
Without Prop 13, I could see property taxes going through the roof. It will make it extremely difficult for people to afford to maintain a house.

While there are rich people in LJ paying low taxes, Prop 13 really helps any homeowner. Look at the big picture. Many middle class people own homes throughout California.[/quote]

Property tax is just one type of tax that Californians have to pay. Income tax is another huge tax in California. If property taxes are artificially limited via proposition 13 and other props, then the state will just increase income tax because that is the tax they can increase. In California, income-earners subsidize property owners.

Why should the taxes of property owners be limited while the taxes on income earners are unlimited? Young, productive workers are subsidizing the lifestyles of all those retired old fogeys in La Jolla.

[ILoveRegulation]

[quote=jpinpb]
Without Prop 13, I could see property taxes going through the roof. It will make it extremely difficult for people to afford to maintain a house.

While there are rich people in LJ paying low taxes, Prop 13 really helps any homeowner. Look at the big picture. Many middle class people own homes throughout California.[/quote]

Property tax is just one type of tax that Californians have to pay. Income tax is another huge tax in California. If property taxes are artificially limited via proposition 13 and other props, then the state will just increase income tax because that is the tax they can increase. In California, income-earners subsidize property owners.

Why should the taxes of property owners be limited while the taxes on income earners are unlimited? Young, productive workers are subsidizing the lifestyles of all those retired old fogeys in La Jolla.

[ILoveRegulation]

[quote=jpinpb]
Without Prop 13, I could see property taxes going through the roof. It will make it extremely difficult for people to afford to maintain a house.

While there are rich people in LJ paying low taxes, Prop 13 really helps any homeowner. Look at the big picture. Many middle class people own homes throughout California.[/quote]

Property tax is just one type of tax that Californians have to pay. Income tax is another huge tax in California. If property taxes are artificially limited via proposition 13 and other props, then the state will just increase income tax because that is the tax they can increase. In California, income-earners subsidize property owners.

Why should the taxes of property owners be limited while the taxes on income earners are unlimited? Young, productive workers are subsidizing the lifestyles of all those retired old fogeys in La Jolla.

[sdrealtor]

jp
Agree the gov’t is a hopeless addict and tax revenue their drug of choice. As for the answer, who the fvck knows? I just look at the table I am playing at and do my best to be a winner while trying to give back to the world more than I can take. I beleive that is the best a person can hope to do in this world.

[sdrealtor]

jp
Agree the gov’t is a hopeless addict and tax revenue their drug of choice. As for the answer, who the fvck knows? I just look at the table I am playing at and do my best to be a winner while trying to give back to the world more than I can take. I beleive that is the best a person can hope to do in this world.

[sdrealtor]

jp
Agree the gov’t is a hopeless addict and tax revenue their drug of choice. As for the answer, who the fvck knows? I just look at the table I am playing at and do my best to be a winner while trying to give back to the world more than I can take. I beleive that is the best a person can hope to do in this world.

[sdrealtor]

jp
Agree the gov’t is a hopeless addict and tax revenue their drug of choice. As for the answer, who the fvck knows? I just look at the table I am playing at and do my best to be a winner while trying to give back to the world more than I can take. I beleive that is the best a person can hope to do in this world.

[Author]

Posts