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I was a no on 15. Poorly designed proposition. Surprised it was this close but I guess there was enough “oh it just impacts big business” spin put on it
presumably you both own houses. david, agree with you generally here (and usually), but 13, ground floor, is just a very obviously unfair tax policy. we can't have different classes of people being taxed at different rates based on how long they've owned property.
That’s right. Prop 13 makes real estate markets far less liquid, presents a major hurdle to new home buyers, and contributed to massive swings in CA tax revenues.
what's best alternative - ie what should CA be doing? So i can vote for that :)
It’s basically putting generations against each other.
I think @DavidSacks point was that larger reform is needed not chipping away from Prop 13.
Prop 15 was targeted at commercial landlords which means passed directly on businesses which in turn pass it on customers who are already hurting because of Prop 13.
Prop 15 did start to address the inequities of Prop 13 tho There is no model showing that marking CRE to market for taxation (as occurs in some states) would increase rents - costs aren’t driving market px in a commoditized market. People tend to talk their book
Prop 13 is the reason my mother gave up being a public school teacher in Fremont. It was simply too gutting to the poorer communities after a decade.
Let’s address prop 13 directly
Prop 13 sucks, no question. But getting rid of 13 should be tied to sweeping tax reform in the state. If not, not taxes will just go up dramatically across the board.
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