It's not pretty when a dependent or caregiving adult child is decanted out of the family house after a parent's death.
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Replying to @MBridegam @bjdodson and
Understand but this is still dumb http://www.boe.ca.gov/proptaxes/faqs/propositions58.htm …
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Replying to @kimmaicutler @MBridegam and
Get revenue from elsewhere, by say, approving giant 20,000 person tech campuses to get tax revenue to make up for the lack of tax revenue
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Replying to @kimmaicutler @bjdodson and
Yes. Repeal P13/P58, but repeal with cushions for the ppl who really would suffer, successors to those exploited as poster children in 1978.
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Replying to @kimmaicutler @bjdodson and
Like you said -- not for throwing low-income homeowners out of homes. But also, when an elder dies, next generation may be in need.
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Replying to @MBridegam @bjdodson and
Like an income exemption or deferral?
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Replying to @kimmaicutler @MBridegam and
Income exemption is bad bc people with income have bought land in order to write down taxable income. Would glut market with inventory.
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Replying to @eean @kimmaicutler and
Glut would destroy economy. Skilled labor would flee. Employers couldnt attract talent. Employera would leave. Wages would drop.
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Uh....... have you been paying attention to anything? http://tomtunguz.com/cost-challenges-facing-the-valley/ …
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