Quote:
|
Originally Posted by Quicksilver
That's exactly why prop 13 is in effect. People who are living in that house are drawing retirement not on today's money but money from years ago. Get it??
|
There is not a single other state that I am aware of that has anything similar to prop 13. And somehow, all their retired people seem to get along without it.
California is not the only state that deals with increased home prices. Every state has it and not every state has Prop 13.
And while every Californian, young and old, gets to appreciate low real estate taxes, that doesn't mean it's good for the state. Quite the opposite.
Furthermore, what you are speaking of, price fixing, doesn't take into account the increase in expenses that the state occurs that is well over 2% a year. So what happens is, over time, the state gets progressively worse and worse and worse.. Why? so retired people can get a tax break? At the expense of the children. The children who have bad schools, bad roads, underfunded police and fire departments..
This is a case where the ends don't justify the means. These expenses need to be paid by someone. And it's the vested homeowner who is not paying their share in real estate taxes that is bankrupting the state.