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

[jpinpb]

I was not aware of that, BG. We do have an immigration problem. Always have. It would be nice if people were here legally and paying taxes for services like the rest of us. I have nothing against them wanting to come here for a better life, but I wish it were done the legal way.

My parents had a difficult time way back in the day to come to this country from Italy. It took them 12 years of trying and they also learned our language. They were not kids when they did this (learning a new language is far easier for kids, than adults). My grandmother was the only one who did not learn English. She was old and did not work and was not exposed to the language.

My brother did his internship in Italy. He met a girl. They married. It took her over 10 years to get citizenship.

If my family could do this and so many others like them have, then it is possible. I’m not saying it is not w/out effort, but it can be done. Of course, driving across and working and living illegally and benefitting from services is easier.

I don’t want to seem unsympathetic, but at the same time I would like the problem to be addressed in a way that benefits all. As it stands now, our state is drained by them taking advantage of our services and employment.

[danielwis]

[quote=ILoveRegulation][quote=jpinpb]I don’t understand why people are still against Prop 13. There are few people who are paying low property taxes, especially after this last bubble. If we get rid of Prop 13, 20 years from now, anyone who has bought a house recently will be praying for today’s taxes IF values go up. IMO Prop 13 is just one more incentive for real estate in California. I always hear about the really high property taxes in NJ and NY. And they still have budget problems! Prop 13 really is a blessing in California, IMO. People should be thankful to have it, not trying to get rid of it.[/quote]

Proposition 13 is a horrible law. It allows for wealthy, old people to pay little tax and then suck like a leech off the income taxes of young workers. It’s really disgusting to me as it benefits the superrich who don’t do anything while penalizing productive young workers.

Those who have large estates should be paying the highest taxes as they are using up all the resources, but instead they are paying the least taxes. Plus, raising property taxes would cause the price of real estate to come down, benefiting young people.

Proposition 13 benefits the old and unproductive and should be abolished. Let’s abolish Proposition 13, raise property taxes, and lower income taxes. This would do nothing but make California more productive.[/quote]

Spot on. Prop 13 severely penalizes the people the state needs most: young adults that work and pay taxes. Prop 13 is a cluster f*** and a disaster.

Now here’s a bone for you tax hawks. I’m all for a readjustment of other taxation to account for the boon in property tax receipts we would see if Prop 13 is abolished. If an amendment were structured in such a way as to account for a rebalancing, then Prop 13 could be defeated.

And yes, Prop 13 is partially to blame for the sky rocketing real-estate prices in the state since it was enacted.

[danielwis]

[quote=ILoveRegulation][quote=jpinpb]I don’t understand why people are still against Prop 13. There are few people who are paying low property taxes, especially after this last bubble. If we get rid of Prop 13, 20 years from now, anyone who has bought a house recently will be praying for today’s taxes IF values go up. IMO Prop 13 is just one more incentive for real estate in California. I always hear about the really high property taxes in NJ and NY. And they still have budget problems! Prop 13 really is a blessing in California, IMO. People should be thankful to have it, not trying to get rid of it.[/quote]

Proposition 13 is a horrible law. It allows for wealthy, old people to pay little tax and then suck like a leech off the income taxes of young workers. It’s really disgusting to me as it benefits the superrich who don’t do anything while penalizing productive young workers.

Those who have large estates should be paying the highest taxes as they are using up all the resources, but instead they are paying the least taxes. Plus, raising property taxes would cause the price of real estate to come down, benefiting young people.

Proposition 13 benefits the old and unproductive and should be abolished. Let’s abolish Proposition 13, raise property taxes, and lower income taxes. This would do nothing but make California more productive.[/quote]

Spot on. Prop 13 severely penalizes the people the state needs most: young adults that work and pay taxes. Prop 13 is a cluster f*** and a disaster.

Now here’s a bone for you tax hawks. I’m all for a readjustment of other taxation to account for the boon in property tax receipts we would see if Prop 13 is abolished. If an amendment were structured in such a way as to account for a rebalancing, then Prop 13 could be defeated.

And yes, Prop 13 is partially to blame for the sky rocketing real-estate prices in the state since it was enacted.

[danielwis]

[quote=ILoveRegulation][quote=jpinpb]I don’t understand why people are still against Prop 13. There are few people who are paying low property taxes, especially after this last bubble. If we get rid of Prop 13, 20 years from now, anyone who has bought a house recently will be praying for today’s taxes IF values go up. IMO Prop 13 is just one more incentive for real estate in California. I always hear about the really high property taxes in NJ and NY. And they still have budget problems! Prop 13 really is a blessing in California, IMO. People should be thankful to have it, not trying to get rid of it.[/quote]

Proposition 13 is a horrible law. It allows for wealthy, old people to pay little tax and then suck like a leech off the income taxes of young workers. It’s really disgusting to me as it benefits the superrich who don’t do anything while penalizing productive young workers.

Those who have large estates should be paying the highest taxes as they are using up all the resources, but instead they are paying the least taxes. Plus, raising property taxes would cause the price of real estate to come down, benefiting young people.

Proposition 13 benefits the old and unproductive and should be abolished. Let’s abolish Proposition 13, raise property taxes, and lower income taxes. This would do nothing but make California more productive.[/quote]

Spot on. Prop 13 severely penalizes the people the state needs most: young adults that work and pay taxes. Prop 13 is a cluster f*** and a disaster.

Now here’s a bone for you tax hawks. I’m all for a readjustment of other taxation to account for the boon in property tax receipts we would see if Prop 13 is abolished. If an amendment were structured in such a way as to account for a rebalancing, then Prop 13 could be defeated.

And yes, Prop 13 is partially to blame for the sky rocketing real-estate prices in the state since it was enacted.

[danielwis]

[quote=ILoveRegulation][quote=jpinpb]I don’t understand why people are still against Prop 13. There are few people who are paying low property taxes, especially after this last bubble. If we get rid of Prop 13, 20 years from now, anyone who has bought a house recently will be praying for today’s taxes IF values go up. IMO Prop 13 is just one more incentive for real estate in California. I always hear about the really high property taxes in NJ and NY. And they still have budget problems! Prop 13 really is a blessing in California, IMO. People should be thankful to have it, not trying to get rid of it.[/quote]

Proposition 13 is a horrible law. It allows for wealthy, old people to pay little tax and then suck like a leech off the income taxes of young workers. It’s really disgusting to me as it benefits the superrich who don’t do anything while penalizing productive young workers.

Those who have large estates should be paying the highest taxes as they are using up all the resources, but instead they are paying the least taxes. Plus, raising property taxes would cause the price of real estate to come down, benefiting young people.

Proposition 13 benefits the old and unproductive and should be abolished. Let’s abolish Proposition 13, raise property taxes, and lower income taxes. This would do nothing but make California more productive.[/quote]

Spot on. Prop 13 severely penalizes the people the state needs most: young adults that work and pay taxes. Prop 13 is a cluster f*** and a disaster.

Now here’s a bone for you tax hawks. I’m all for a readjustment of other taxation to account for the boon in property tax receipts we would see if Prop 13 is abolished. If an amendment were structured in such a way as to account for a rebalancing, then Prop 13 could be defeated.

And yes, Prop 13 is partially to blame for the sky rocketing real-estate prices in the state since it was enacted.

[danielwis]

[quote=ILoveRegulation][quote=jpinpb]I don’t understand why people are still against Prop 13. There are few people who are paying low property taxes, especially after this last bubble. If we get rid of Prop 13, 20 years from now, anyone who has bought a house recently will be praying for today’s taxes IF values go up. IMO Prop 13 is just one more incentive for real estate in California. I always hear about the really high property taxes in NJ and NY. And they still have budget problems! Prop 13 really is a blessing in California, IMO. People should be thankful to have it, not trying to get rid of it.[/quote]

Proposition 13 is a horrible law. It allows for wealthy, old people to pay little tax and then suck like a leech off the income taxes of young workers. It’s really disgusting to me as it benefits the superrich who don’t do anything while penalizing productive young workers.

Those who have large estates should be paying the highest taxes as they are using up all the resources, but instead they are paying the least taxes. Plus, raising property taxes would cause the price of real estate to come down, benefiting young people.

Proposition 13 benefits the old and unproductive and should be abolished. Let’s abolish Proposition 13, raise property taxes, and lower income taxes. This would do nothing but make California more productive.[/quote]

Spot on. Prop 13 severely penalizes the people the state needs most: young adults that work and pay taxes. Prop 13 is a cluster f*** and a disaster.

Now here’s a bone for you tax hawks. I’m all for a readjustment of other taxation to account for the boon in property tax receipts we would see if Prop 13 is abolished. If an amendment were structured in such a way as to account for a rebalancing, then Prop 13 could be defeated.

And yes, Prop 13 is partially to blame for the sky rocketing real-estate prices in the state since it was enacted.

[Coronita]

[quote=sdrealtor]What a tool! Higher income folks pay income taxes at higher rates why is a retired person with low income but high assets paying a low RE tax rate any different.

Spend spend spend[/quote]

It’s pointless debating really. Because for some people there’s just a unbelievable sense hypocracy hidden under the guise of “fairness” or “social welfare benefit”. Because the hidden line is obviously they don’t want to pay for it themselves, but expect everyone else too. Well, gee. If I had a blank check into someone else’s bank account, I’d be pretty idealogical in my fiscal generosity too.

Human nature, by default, is to be selfish. Human nature is to be self interested. And so naturally, everyone wants everyone else to make pay…However,the only thing worse is folks that pretend to justify a selfishness under the guise of a some ideological benevolent B.S.

No one really wants benefits to be cut, and no one really wants to pay more for it…So we’ll just have to wait until the state runs out of money.

Lol…Welcome to California, we’re broke, now go home.

BTW: me thinks the local governments has a special interest to prop up the RE markets themselves….More home buyers, more prop tax collected, more tax revenue…

[Coronita]

[quote=sdrealtor]What a tool! Higher income folks pay income taxes at higher rates why is a retired person with low income but high assets paying a low RE tax rate any different.

Spend spend spend[/quote]

It’s pointless debating really. Because for some people there’s just a unbelievable sense hypocracy hidden under the guise of “fairness” or “social welfare benefit”. Because the hidden line is obviously they don’t want to pay for it themselves, but expect everyone else too. Well, gee. If I had a blank check into someone else’s bank account, I’d be pretty idealogical in my fiscal generosity too.

Human nature, by default, is to be selfish. Human nature is to be self interested. And so naturally, everyone wants everyone else to make pay…However,the only thing worse is folks that pretend to justify a selfishness under the guise of a some ideological benevolent B.S.

No one really wants benefits to be cut, and no one really wants to pay more for it…So we’ll just have to wait until the state runs out of money.

Lol…Welcome to California, we’re broke, now go home.

BTW: me thinks the local governments has a special interest to prop up the RE markets themselves….More home buyers, more prop tax collected, more tax revenue…

[Coronita]

[quote=sdrealtor]What a tool! Higher income folks pay income taxes at higher rates why is a retired person with low income but high assets paying a low RE tax rate any different.

Spend spend spend[/quote]

It’s pointless debating really. Because for some people there’s just a unbelievable sense hypocracy hidden under the guise of “fairness” or “social welfare benefit”. Because the hidden line is obviously they don’t want to pay for it themselves, but expect everyone else too. Well, gee. If I had a blank check into someone else’s bank account, I’d be pretty idealogical in my fiscal generosity too.

Human nature, by default, is to be selfish. Human nature is to be self interested. And so naturally, everyone wants everyone else to make pay…However,the only thing worse is folks that pretend to justify a selfishness under the guise of a some ideological benevolent B.S.

No one really wants benefits to be cut, and no one really wants to pay more for it…So we’ll just have to wait until the state runs out of money.

Lol…Welcome to California, we’re broke, now go home.

BTW: me thinks the local governments has a special interest to prop up the RE markets themselves….More home buyers, more prop tax collected, more tax revenue…

[Coronita]

[quote=sdrealtor]What a tool! Higher income folks pay income taxes at higher rates why is a retired person with low income but high assets paying a low RE tax rate any different.

Spend spend spend[/quote]

It’s pointless debating really. Because for some people there’s just a unbelievable sense hypocracy hidden under the guise of “fairness” or “social welfare benefit”. Because the hidden line is obviously they don’t want to pay for it themselves, but expect everyone else too. Well, gee. If I had a blank check into someone else’s bank account, I’d be pretty idealogical in my fiscal generosity too.

Human nature, by default, is to be selfish. Human nature is to be self interested. And so naturally, everyone wants everyone else to make pay…However,the only thing worse is folks that pretend to justify a selfishness under the guise of a some ideological benevolent B.S.

No one really wants benefits to be cut, and no one really wants to pay more for it…So we’ll just have to wait until the state runs out of money.

Lol…Welcome to California, we’re broke, now go home.

BTW: me thinks the local governments has a special interest to prop up the RE markets themselves….More home buyers, more prop tax collected, more tax revenue…

[Coronita]

[quote=sdrealtor]What a tool! Higher income folks pay income taxes at higher rates why is a retired person with low income but high assets paying a low RE tax rate any different.

Spend spend spend[/quote]

It’s pointless debating really. Because for some people there’s just a unbelievable sense hypocracy hidden under the guise of “fairness” or “social welfare benefit”. Because the hidden line is obviously they don’t want to pay for it themselves, but expect everyone else too. Well, gee. If I had a blank check into someone else’s bank account, I’d be pretty idealogical in my fiscal generosity too.

Human nature, by default, is to be selfish. Human nature is to be self interested. And so naturally, everyone wants everyone else to make pay…However,the only thing worse is folks that pretend to justify a selfishness under the guise of a some ideological benevolent B.S.

No one really wants benefits to be cut, and no one really wants to pay more for it…So we’ll just have to wait until the state runs out of money.

Lol…Welcome to California, we’re broke, now go home.

BTW: me thinks the local governments has a special interest to prop up the RE markets themselves….More home buyers, more prop tax collected, more tax revenue…

[jpinpb]

flu – I don’t have a problem paying for services. As I mentioned, City of San Diego does not charge for trash. I think they should and living in the City of San Diego, I would have no problem paying for trash pick up. I have no problem paying for the services I use. But if the City, State, etc do not manage their money wisely, then I’m not going to continue to give them money for services that continue to dwindle. I would love to see an accounting.

I balance my budget, my books, etc. I know how much I make. I know how much I spend. I know if I have to cut corners. I know if I have extra, I probably should save for a rainy day. I know there are things I want or need. I know if I extend myself. I know I’ll have to maybe work a little more or make a sacrifice later to make up for this and it may hurt for a while. All this is just me.

We have “experts” in our government that are supposed to do this w/the taxpayers’ money and accordingly plan their budget and expenses. This is where they fail!!

[jpinpb]

flu – I don’t have a problem paying for services. As I mentioned, City of San Diego does not charge for trash. I think they should and living in the City of San Diego, I would have no problem paying for trash pick up. I have no problem paying for the services I use. But if the City, State, etc do not manage their money wisely, then I’m not going to continue to give them money for services that continue to dwindle. I would love to see an accounting.

I balance my budget, my books, etc. I know how much I make. I know how much I spend. I know if I have to cut corners. I know if I have extra, I probably should save for a rainy day. I know there are things I want or need. I know if I extend myself. I know I’ll have to maybe work a little more or make a sacrifice later to make up for this and it may hurt for a while. All this is just me.

We have “experts” in our government that are supposed to do this w/the taxpayers’ money and accordingly plan their budget and expenses. This is where they fail!!

[jpinpb]

flu – I don’t have a problem paying for services. As I mentioned, City of San Diego does not charge for trash. I think they should and living in the City of San Diego, I would have no problem paying for trash pick up. I have no problem paying for the services I use. But if the City, State, etc do not manage their money wisely, then I’m not going to continue to give them money for services that continue to dwindle. I would love to see an accounting.

I balance my budget, my books, etc. I know how much I make. I know how much I spend. I know if I have to cut corners. I know if I have extra, I probably should save for a rainy day. I know there are things I want or need. I know if I extend myself. I know I’ll have to maybe work a little more or make a sacrifice later to make up for this and it may hurt for a while. All this is just me.

We have “experts” in our government that are supposed to do this w/the taxpayers’ money and accordingly plan their budget and expenses. This is where they fail!!

[jpinpb]

flu – I don’t have a problem paying for services. As I mentioned, City of San Diego does not charge for trash. I think they should and living in the City of San Diego, I would have no problem paying for trash pick up. I have no problem paying for the services I use. But if the City, State, etc do not manage their money wisely, then I’m not going to continue to give them money for services that continue to dwindle. I would love to see an accounting.

I balance my budget, my books, etc. I know how much I make. I know how much I spend. I know if I have to cut corners. I know if I have extra, I probably should save for a rainy day. I know there are things I want or need. I know if I extend myself. I know I’ll have to maybe work a little more or make a sacrifice later to make up for this and it may hurt for a while. All this is just me.

We have “experts” in our government that are supposed to do this w/the taxpayers’ money and accordingly plan their budget and expenses. This is where they fail!!

[Author]

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