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Prop 13 was a pretty good temporary measure. But after passing a permanent solution should have been put in place. Housing prices in California increased a cr
by sbov 9y ago
Prop 13 was a pretty good temporary measure. But after passing a permanent solution should have been put in place.
Housing prices in California increased a crapload in the years before prop 13 was enacted. Real people with good jobs in new, modest houses they recently bought - not just granny in her 50 year old home - were in danger of being driven from their homes due to increases in property taxes.
- dragonwriter 9y ago> Prop 13 was a pretty good temporary measure. No, it wasn't. > Housing prices in California increased a crapload in the years before prop 13 was enacted. Real people with good jobs in modest houses they recently bought - not just granny in her 50 year old home - were in danger of being driven from their homes due to increases in property taxes. It would be very easy to address that problem with a much smaller policy change than Prop 13. For one thing, the described problem doesn't justify any alteration to non-residential property taxes.