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By the way, Prop 13 was a response to what was happening as a result of property values dramatically rising. It was an effect, not the cause, so repealing it is
by sulam 8y ago
By the way, Prop 13 was a response to what was happening as a result of property values dramatically rising. It was an effect, not the cause, so repealing it isn’t likely to reverse the increase in property values.
- briandear 8y agoIt will increase liquidity though and thus assist in creating a more efficient market.