2 ms·
How about we get rid of Prop 13, a not-so-stealth tax on the young.
by jquery 10y ago
How about we get rid of Prop 13, a not-so-stealth tax on the young.
- CalChris 10y agoThere are many bad things about Prop 13. Indeed I'm straining to think of anything good about it. But the worst is that it applies to commercial property as well.
- bsder 10y ago> But the worst is that it applies to commercial property as well. ding. Got it in one. Normal residential properties transact roughly every 10-15 years with 40-50 years being on the way outside. So, most residential properties aren't too far behind their real value in taxes. Commercial properties never transact; they just add more subleases. We had one property we rented which had 23 layers of sublease to avoid Prop 13.