$this->bbcode_second_pass_quote('Ludi', '
')How would they manage to repeal it? By fiat? I thought they had to go through the initiative process or something. I can't see Californians agreeing to having their property taxes raised.
PeakOil is You
Reduce your need to earn money
Re: Reduce your need to earn money
by AAA » Tue 06 Apr 2010, 13:47:25
I agree that many older Californians will not support repealing Prop 13 but many people below 60 years old support repealing it.
The main reason is many older Californians have the mentality of buy and stay. My 80 year old aunt has been in the same house since 1969. That has been the trend historically.
However the baby boomer generation has the mentality of buy and upgrade every few years. A friend of mine in his 50s has owned 4 houses all within 2 miles of themselves in virtually the same type of neighborhood and same school district except each house was a little bigger and a little nicer. So every time he "upgraded" to a different house his property tax went up drastically. He now pays over $12K per year in property tax and owes over $800,000 on his mortgage. He can afford it but it is financial suicide.
People in their 20s and 30s are buying homes for the first time and property values are extremely high and therefore their property tax is extremely high. Our neighbors in their 30s on one side pay over $9,000 and neighbors in their 60s down the street pay less than $600 on a house that is larger and worth more. The difference is the neighbor that pays $9K bought last year and the neighbor that pays $600 bought in 1978.
FYI you can look up property tax and last sales price in most cities using Zillow.com or the County Property Tax website.
If Prop 13 is repealed then you will see a lot of older homeowners selling their properties and downgrading.
How can Ludi spend 8-10 hrs/day on the internet and claim to be homesteading???
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AAA - Tar Sands
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Re: Reduce your need to earn money
by Ludi » Tue 06 Apr 2010, 16:42:05
Ok, thanks AAA. It makes sense to me now why folks would want to repeal it. To see your old neighbor paying $1000 in taxes on a house the same value of yours when you're paying $10,000 could be irritating for sure.
- Ludi
Re: Reduce your need to earn money
by AAA » Tue 06 Apr 2010, 16:57:01
$this->bbcode_second_pass_quote('Ayoob', ' ')Grow your food, raise your food, take control of your food.
What happens when your body gets injured or too old to grow your own food and your body is too injured or too old to get back on the treadmill?
Do you just starve?
Do you leach off the government?
Do you leach off of family and friends?
How can Ludi spend 8-10 hrs/day on the internet and claim to be homesteading???
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AAA - Tar Sands
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Re: Reduce your need to earn money
by davep » Tue 06 Apr 2010, 17:16:58
$this->bbcode_second_pass_quote('AAA', '')$this->bbcode_second_pass_quote('Ayoob', ' ')Grow your food, raise your food, take control of your food.
What happens when your body gets injured or too old to grow your own food and your body is too injured or too old to get back on the treadmill?
Do you just starve?
Do you leach off the government?
Do you leach off of family and friends?
Or do you ensure that your children and apprentices take over the business in time honoured fashion, with you to guide them?
What we think, we become.
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davep - Senior Moderator
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County tax is pretty low, as we don't get much in the way of services.
