4 ms·
> Prop 13 is one of the legs of the stool of most dysfunction in California. Are Prop 13 benefits for businesses still in place ? That would be a good start -
by foogazi 4y ago
> Prop 13 is one of the legs of the stool of most dysfunction in California.
Are Prop 13 benefits for businesses still in place ?
That would be a good start - if the company is sold all its underlying California holdings get re- appraised
- Aloha 4y agoREIT's are a huge work around for Prop 13, the REIT can change hands dozens of times, but the underlying property is never sold.
- foogazi 4y agoThats what I mean for companies too - the value of the land is part of the company or funds valuation REITs are traded on the value of the underlying asset - unlike a homeowner that does not extract value from their property Properties packaged in tradable shares should be re-appraised annually at least