7 ms·

So where are your parents going to move when Prop 13 is repealed and they can't afford to live in their home of 45+ years?

by xienze 9y ago

Balgair 9y ago
Bingo. I think you see now why things are so crazy in the CA property market then. For a few years after the repeal, you'd be kicking a LOT of older home-owners out of their homes. My folks, likely, included. However, what is the alternative? My siblings and I moved out of state a long time ago, due specifically to the housing issues. Most of my former HS classmates do not own homes in CA. They simply cannot afford it. Prop 13 'ate the seed-corn' of California youth's property aspirations. We simply cannot afford to own homes. This is why I said that GP's ideas were only band-aids. The giant elephant in the room in CA housing discussions is Prop 13, something that is abhorrent to continue on with and something that cannot possibly be removed now. CA will have to remove it someday, to give the youth any hope at reasonably 'owning' California, and everyday that it does not, things will get worse for when they do remove it. It's a quagmire, but it is the thing to talk about, not higher density band-aids.
- xienze 9y ago
  > We simply cannot afford to own homes. Sure you can. Maybe not in LA, Palo Alto, or SF, but somewhere in California. I mean just how affordable do you think housing would get on the peninsula without Prop 13? $300K starter homes? Surely you jest. Manhattan doesn't have a Prop 13, still pretty expensive last I checked. Everyone is moving to the area, and any additional supply is going to get snapped up instantly. And the issue of "grandma getting kicked out of her home" will always loom large in such a desirable and expensive part of the country, it's not something that would just happen in the aftermath of a repeal. I mean that was the driving force behind Prop 13 in the first place.

So where are your parents going to move when Prop 13 is repealed and they can't afford to live in their home of 45+ years?

by xienze 9y ago

So where are your parents going to move when Prop 13 is repealed and they can't afford to live in their home of 45+ years?

Balgair 9y ago

Bingo. I think you see now why things are so crazy in the CA property market then. For a few years after the repeal, you'd be kicking a LOT of older home-owners out of their homes. My folks, likely, included. However, what is the alternative? My siblings and I moved out of state a long time ago, due specifically to the housing issues. Most of my former HS classmates do not own homes in CA. They simply cannot afford it. Prop 13 'ate the seed-corn' of California youth's property aspirations. We simply cannot afford to own homes. This is why I said that GP's ideas were only band-aids. The giant elephant in the room in CA housing discussions is Prop 13, something that is abhorrent to continue on with and something that cannot possibly be removed now. CA will have to remove it someday, to give the youth any hope at reasonably 'owning' California, and everyday that it does not, things will get worse for when they do remove it. It's a quagmire, but it is the thing to talk about, not higher density band-aids.

xienze 9y ago
> We simply cannot afford to own homes. Sure you can. Maybe not in LA, Palo Alto, or SF, but somewhere in California. I mean just how affordable do you think housing would get on the peninsula without Prop 13? $300K starter homes? Surely you jest. Manhattan doesn't have a Prop 13, still pretty expensive last I checked. Everyone is moving to the area, and any additional supply is going to get snapped up instantly. And the issue of "grandma getting kicked out of her home" will always loom large in such a desirable and expensive part of the country, it's not something that would just happen in the aftermath of a repeal. I mean that was the driving force behind Prop 13 in the first place.