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SD Realtor
ParticipantBG the thing is that a line can be drawn anywhere with regards to prop 13. You seem to have a stick in your craw about elderly people who have barely any taxes. What about those homebuyers who bought in Scripps or 4S or Carlsbad or Encinitas in the late 90s before the bubble? Compared to all of the neighbors they have who bought in subsequent years, they are bandits.
As I said, if you guys study the proposition thoroughly the thing you all should be whining about is the benefits of the commericial ownership.
Better yet find some time to do some research in pretty much any neighborhood you want and go look at the tax assessment for a hundred properties, then come back and tell me the percentage of them living with a “I am making out like a robber assessment”.
In the end the complaint should really be what the hell is happening to the billions and billions of dollars in tax revenue. You are stepping over the dollar to get to the dime.
FLU had a good point that was naturally missed by everyone. It is a stark reality that nobody wants to face but is VERY TRUE. This state is overburdened and in the end cannot meet all of the obligations that it is incurring. You can raise the tax revenue all you want and this problem will not go away. The state is not shrinking and neither are the state obligations.
Nobody wants to say enough is enough. Until then, yeah go ahead and tax the hell out of everyone. We are not the most taxed state in the nation so lets go for it!!
ParticipantBG the thing is that a line can be drawn anywhere with regards to prop 13. You seem to have a stick in your craw about elderly people who have barely any taxes. What about those homebuyers who bought in Scripps or 4S or Carlsbad or Encinitas in the late 90s before the bubble? Compared to all of the neighbors they have who bought in subsequent years, they are bandits.
As I said, if you guys study the proposition thoroughly the thing you all should be whining about is the benefits of the commericial ownership.
Better yet find some time to do some research in pretty much any neighborhood you want and go look at the tax assessment for a hundred properties, then come back and tell me the percentage of them living with a “I am making out like a robber assessment”.
In the end the complaint should really be what the hell is happening to the billions and billions of dollars in tax revenue. You are stepping over the dollar to get to the dime.
FLU had a good point that was naturally missed by everyone. It is a stark reality that nobody wants to face but is VERY TRUE. This state is overburdened and in the end cannot meet all of the obligations that it is incurring. You can raise the tax revenue all you want and this problem will not go away. The state is not shrinking and neither are the state obligations.
Nobody wants to say enough is enough. Until then, yeah go ahead and tax the hell out of everyone. We are not the most taxed state in the nation so lets go for it!!
ParticipantBG the thing is that a line can be drawn anywhere with regards to prop 13. You seem to have a stick in your craw about elderly people who have barely any taxes. What about those homebuyers who bought in Scripps or 4S or Carlsbad or Encinitas in the late 90s before the bubble? Compared to all of the neighbors they have who bought in subsequent years, they are bandits.
As I said, if you guys study the proposition thoroughly the thing you all should be whining about is the benefits of the commericial ownership.
Better yet find some time to do some research in pretty much any neighborhood you want and go look at the tax assessment for a hundred properties, then come back and tell me the percentage of them living with a “I am making out like a robber assessment”.
In the end the complaint should really be what the hell is happening to the billions and billions of dollars in tax revenue. You are stepping over the dollar to get to the dime.
FLU had a good point that was naturally missed by everyone. It is a stark reality that nobody wants to face but is VERY TRUE. This state is overburdened and in the end cannot meet all of the obligations that it is incurring. You can raise the tax revenue all you want and this problem will not go away. The state is not shrinking and neither are the state obligations.
Nobody wants to say enough is enough. Until then, yeah go ahead and tax the hell out of everyone. We are not the most taxed state in the nation so lets go for it!!
ParticipantYeah 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.
ParticipantYeah 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.
ParticipantYeah 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.
ParticipantYeah 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.
ParticipantYeah 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.
ParticipantI agree JP I do not know what the solution is either. It is an epidemic though not limited to California. It is at every level of govt we have. I would agree with the argument that using other states is a path to success however under closer examination it is intuitively obvious that those states that are not underwater because the differential in the populations are drastically different.
The way this state operates simply does not work and the steady drumbeat of increasing taxes has not solved the problems.
ParticipantI agree JP I do not know what the solution is either. It is an epidemic though not limited to California. It is at every level of govt we have. I would agree with the argument that using other states is a path to success however under closer examination it is intuitively obvious that those states that are not underwater because the differential in the populations are drastically different.
The way this state operates simply does not work and the steady drumbeat of increasing taxes has not solved the problems.
ParticipantI agree JP I do not know what the solution is either. It is an epidemic though not limited to California. It is at every level of govt we have. I would agree with the argument that using other states is a path to success however under closer examination it is intuitively obvious that those states that are not underwater because the differential in the populations are drastically different.
The way this state operates simply does not work and the steady drumbeat of increasing taxes has not solved the problems.
ParticipantI agree JP I do not know what the solution is either. It is an epidemic though not limited to California. It is at every level of govt we have. I would agree with the argument that using other states is a path to success however under closer examination it is intuitively obvious that those states that are not underwater because the differential in the populations are drastically different.
The way this state operates simply does not work and the steady drumbeat of increasing taxes has not solved the problems.
ParticipantI agree JP I do not know what the solution is either. It is an epidemic though not limited to California. It is at every level of govt we have. I would agree with the argument that using other states is a path to success however under closer examination it is intuitively obvious that those states that are not underwater because the differential in the populations are drastically different.
The way this state operates simply does not work and the steady drumbeat of increasing taxes has not solved the problems.
ParticipantSK we don’t agree on alot of things but I do agree with what you wrote.
What I fear is… do the banks care… the ruling is good because these guys need to follow the rules. On the flip side, to me this just will clog the inventory pipe even more, slowing down the time to market, and holding homes off the market. What was going to take a long time to happen will take longer but necessarily so.
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