4 ms·

California really needs to bail on Proposition 13...

• bsder 9y ago
  At the very least, California needs to make business and investment real estate not subject to Proposition 13. However, you can count on the fact that the business lobbyists will be out EN MASSE to stop any attempt like that.
  • vadym909 9y ago
    even if they just get rid of Prop 13 on rentals and passing the benefit to children- at least a future generation may have a chance to affordability in CA... "Thanks to a state proposition that took effect in 1986, known as the "parent-child reassessment exclusion," a child can inherit a parent's principal residence, whether modest or worth millions, without triggering a reassessment for property taxes."