13 ms·
You realize prop 13 is a statewide policy, not just a north beach community standard, right ? So while you're thinking of (and playing violins for) a certain s
by rsync 13y ago
You realize prop 13 is a statewide policy, not just a north beach community standard, right ?
So while you're thinking of (and playing violins for) a certain sect that you know well here in the cosmopolitan city, there are also hundreds of thousands of "99 percenter" property owners throughout California that really do hurt as they scrape to make ends meet with the major (and usually only) asset they will ever own.
- _delirium 13y agoOne half-fix sometimes proposed to solve the most egregious Prop 13 issues but leave it in place for the people you're talking about is to limit it to only owner-occupied primary residences. As it stands today, Prop 13 applies to not only homes people actually live in, but also investment property, vacation homes, even commercial real-estate. Imo any "protect the nature of our community" / "keep old people from being displaced" type justification makes a lot less sense when we're talking about Intel's property taxes, or about property held by real-estate investment trusts.
- zenbowman 13y agoI think this is far more reasonable.
- r00fus 13y agoSolution: Split Roll [1]. It would prevent egregious abuses of prop13 like the transfer of ownership coordinated for Ernest & Julio Gallo winery [2], wherein a sweetheart tax valuation on property was transferred to a new owner without triggering a tax re-evaluation, while removing any impact for 99 percenters (and even some of the 1%). [1] http://articles.latimes.com/2009/jul/13/business/fi-hiltzik13 http://articles.latimes.com/2009/jul/13/business/fi-hiltzik1... [2] http://www.car.org/meetings/carmeetings/committee-materials-archive/2013spring/tgf513/ibpsplt513 http://www.car.org/meetings/carmeetings/committee-materials-...