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There are problems with prop 13, but it does prevent people from being kicked out of their owned homes for temporary market conditions that are out of their con
by dv_dt 5y ago
There are problems with prop 13, but it does prevent people from being kicked out of their owned homes for temporary market conditions that are out of their control.
Imho the problem was that the politics of the day got it passed to cover commercial properties too, when it really should just cover primary residences. And not secondary homes or rental properties.
- rcpt 5y agoThe California Tax Postponment Program prevents displacement of low income seniors and the disabled. Prop 13 is wholly unnecessary.
- dv_dt 5y agoThese programs often have terrible red tape and even awareness problems. They also ignore people who aren’t seniors but may be going through temporary rough spots. I prefer to have the prop 13 rules fundamentally built in an applied to all primary residences as a measure to provide a more universal stability of a home.
- rcpt 5y ago> These programs often have terrible red tape and even awareness problems. Prop 13 is $30B (billion!) per year. Surely there are cheaper ways to fix the "red tape" and "awareness problems",
- xsmasher 5y agoI would prefer that prop13 did not apply to commercial property, and that it only applied to the first 500k of home value.