3 ms·
Prop 13 has nothing to do with lack of supply. More supply == lower prices.
by anonuser123456 8y ago
Prop 13 has nothing to do with lack of supply. More supply == lower prices.
- gpapilion 8y agoProp 13 restricts supply. For example I have a modest home I bought for what’s now half the market value. I won’t sell to move to a slightly better home because my taxes would double. Additionally my mother-in-law bought her home in the 70s for 1/20 of its current value. There are exemptions that allow to move within her county, but to downsize would likely 5x her taxes or more.
- michaelmrose 8y agoIsn't it great how the poor to middle class can fund the wealth of the more monied class.
- masonic 8y agomy taxes would double Not if Proposition 5 passes.
- dragonwriter 8y ago> Prop 13 has nothing to do with lack of supply. Prop 13 has everything to do with lack of supply; localities not being able to pay operational costs of additional infrastructure without negotiating new state aid plays a big role in localities not being inclined to support growth in any way that they are able to resist unless it's tied to something that directly produces ongoing local revenue.
- masonic 8y agolocalities not being able to pay operational costs of additional infrastructure without negotiating new state aid I have no idea what you're talking about here. There's no negotiable "state aid" that does that. Generally, development fees are charged to developers for impact on schools and such.