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follow tovarichpeter 2018 Feb 7, 7:23am
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Just what California needs - higher taxes!
California is already fully fucked.
You want 6-9 inches..... of snow? That's what we're getting starting tomorrow night. Wohooooo!
Strategist saysCalifornia is already fully fucked.What about the weather? You guys got the weather. Nothing else really matters. You want 6-9 inches..... of snow? That's what we're getting starting tomorrow night. Wohooooo!
So, here are a few ideas of a compromise. We could raise the maximum assessment cap from 2% to 3%. That would in essence increase the marginal increases by 50%. Another compromise, from a different angle is to do assessments, but freeze them for those over 55.
Imagine how much worse the 2008 recession would be if California cities were pegging their tax revenues to the volatile housing market after it took a dump.
Eventually, the "new kids" become "big kids" It's just a cycle where everyone gets their turn.
How is it the fault of existing home-owner that a new perspective buyer chooses to pay extra $300K for comparable floor plan a few years later? Why should their taxes go up simply because new purchaser tweaks the "market rate" for everyone else?....all in clear attempt to artificially boot the existing homeowner out via higher property taxes and artificially increase demand.
ome once told me that all that is necessary to repeal Prop 13 is to publish the property taxes that everyone is paying.
So government will take more money and “magically” start spending less? Hahaha!!! Unicorns too?Work for government and get pensions and full salary after 30 years, paid for by taxpayers who thenselves will never have pensions or retirement.Why the fuck would anyone want to pay more in taxes for this corrupt horseshit union pandering system?
FortWayne saysSo government will take more money and “magically” start spending less? Hahaha!!! Unicorns too?Work for government and get pensions and full salary after 30 years, paid for by taxpayers who thenselves will never have pensions or retirement.Why the fuck would anyone want to pay more in taxes for this corrupt horseshit union pandering system?Thanks for mentioning this. All those who want to eliminate Proposition 13 are renters who don't realize the extra revenues generated will be wasted by the government as usual, and their rents would go up, because higher costs are always passed on to the consumer. Suckers!
Redfin and Zillow did that. Nothing happened.
I def. will not buy RE in California unless it crashes. I am all for getting rid of prop 13. It’s highly unfair to new buyers. Don’t support this shitty market by not buying. I rather buy crypto currency! Especially on this awesome dip!
I remember prop 13 was passed because people were losing their homes, could no longer afford a reasonable living standard because of high taxes. Unions were ranking in the tax dollars, total waste, fraud, abuse. And regular people were getting screwed. It's why prop 13 passed in the first place to keep government from screwing us all.
Satoshi_Nakamoto saysRedfin and Zillow did that. Nothing happened.What they did not do is show a map divided into properties with the property tax actually paid by everyone on the map.
All those who don't want to eliminate Prop 13 are losers who can't afford to pay their fair share of property taxes.
without Prop 13, Granny, who owns her home outright, and may live for another 10-20 years
taxes would have gone from something like $1,500 to $7,500, thus causing them to lose their home
So why is there no means test for Prop 13?Fine if you want to save a poor granny from being evicted. And even in that case, let her pay by running up a tab with the government, and paying it off when the house eventually transfers ownership by whatever means.Not so fine if you want to save landlords, the very rich, and big businesses from paying their fair share. But that is actually why we have Prop 13. Those were the people backing it.
Only a tax on transfer when a property sells or goes to a new owner.
In other words work kind of like a sales tax--on a $300K home you'd owe another $24,000 if the sales tax was 8%. That would just be a cost you'd have to factor into the price. Already cars are costing what houses used to cost--a new Navigator can cost $72,000, which adds another $5,700, what used to buy a luxury car maybe 40 years ago.
That's how I'd see it. I think the U.S tax system is overly complex, wasteful, and just enlarges government. What do you guys think?
You see, without Prop 13, Granny, who owns her home outright, and may live for another 10-20 years, can't afford to pay taxes on her million dollar crapshack. If only she knew about home equity loans.
willywonka saysYou see, without Prop 13, Granny, who owns her home outright, and may live for another 10-20 years, can't afford to pay taxes on her million dollar crapshack. If only she knew about home equity loans.Granny should move someplace with a lower cost of living. I doubt that the move has to be all that great either (1-2 hour drive from previous location for most people). I can't comment about CA, but if it were DC, there is affordable housing on the Delmarva peninsula, West Virginia, Southern MD, and I'm sure in places in VA too, just not near DC.