4 ms·

When Texas flips blue like California did way back it's going to be interesting

by voidfunc 2y ago

gjsman-1000 2y ago
Nah, watch what happens when California goes red, if Dems repeat their 2024 performance trends.
- malcolmgreaves 2y ago
  Unlike Texas, California thankfully hasn’t been gerrymandered to death. It still has a functioning democracy.
- hooverd 2y ago
  California's housing crisis is a result of small-c conservatives wanting their property values to rise forever. Prop 13 and it's consequences have been a disaster for the state.
  - quesera 2y ago
    Prop 13 is a disaster, but it was not the product of any specific political persuasion. It was even well-intentioned, but the unforseen (although predictable in direction if not magnitude) consequences are in fact disastrous. I have wondered about how to repeal Prop 13, but I can't come up with a repeal that doesn't do equal and opposite damage.
    - hnav 2y ago
      Over the course of a decade go from a max of 2%/year to something like 10%/year. Maybe some extra tax breaks for those who lost equity when selling a long-term residence (doubt, probably just slow their growth)
      - quesera 2y ago
        Right, some kind of phase-in would be necessary. The opposite damage I'm talking about is forcing people to lose their houses for inability to pay current-FMV property taxes. Mostly older/retired/fixed income people. This would apply to any phase-in schedule too.
        hooverd 2y ago
        You could implement some sort of right of first refusal for any multi-family build on that land.
    - deleted 2y ago
      [deleted]
    - ImJamal 2y ago
      > I have wondered about how to repeal Prop 13, but I can't come up with a repeal that doesn't do equal and opposite damage. I haven't thought enough of the consequences, but what I have been pondering is complete removal of property tax on your personal residence. You have to spend 50% + 1 day to count it as your residence. Any commercial property or nonresidence would continue to have property tax. There would be some cheats, like people claiming to have spent 50% + 1 day despite not having done that, or somebody living in an apartment complex they own to avoid tax, but overall I think it would solve a lot of problems. The only drawback I see is less tax revenue.
psygn89 2y ago
No thanks

When Texas flips blue like California did way back it's going to be interesting

gjsman-1000 2y ago

Nah, watch what happens when California goes red, if Dems repeat their 2024 performance trends.

malcolmgreaves 2y ago
Unlike Texas, California thankfully hasn’t been gerrymandered to death. It still has a functioning democracy.
hooverd 2y ago
California's housing crisis is a result of small-c conservatives wanting their property values to rise forever. Prop 13 and it's consequences have been a disaster for the state.
- quesera 2y ago
  Prop 13 is a disaster, but it was not the product of any specific political persuasion. It was even well-intentioned, but the unforseen (although predictable in direction if not magnitude) consequences are in fact disastrous. I have wondered about how to repeal Prop 13, but I can't come up with a repeal that doesn't do equal and opposite damage.
  - hnav 2y ago
    Over the course of a decade go from a max of 2%/year to something like 10%/year. Maybe some extra tax breaks for those who lost equity when selling a long-term residence (doubt, probably just slow their growth)
    - quesera 2y ago
      Right, some kind of phase-in would be necessary. The opposite damage I'm talking about is forcing people to lose their houses for inability to pay current-FMV property taxes. Mostly older/retired/fixed income people. This would apply to any phase-in schedule too.
      - hooverd 2y ago
        You could implement some sort of right of first refusal for any multi-family build on that land.
  - deleted 2y ago
    [deleted]
  - ImJamal 2y ago
    > I have wondered about how to repeal Prop 13, but I can't come up with a repeal that doesn't do equal and opposite damage. I haven't thought enough of the consequences, but what I have been pondering is complete removal of property tax on your personal residence. You have to spend 50% + 1 day to count it as your residence. Any commercial property or nonresidence would continue to have property tax. There would be some cheats, like people claiming to have spent 50% + 1 day despite not having done that, or somebody living in an apartment complex they own to avoid tax, but overall I think it would solve a lot of problems. The only drawback I see is less tax revenue.

psygn89 2y ago

No thanks