Has Proposition 13 benefitted or harmed California thus far? (Fresno, Sacramento: short sales, apartments)

[Ultralight]

Proposition 13 has made Califorinia to an state that is hostile to younger people it is chasing away younger and ambitous people away from the state the burden of taxation that propostion 13 puts on them is increasing and ever more regressive they dont have afford to make a life in Califorinia
as most and an ever growing share of their expenes goes to property taxation.

[totsuka]

It's been a boom for the state and citizens. We were being forced out of our homes and only the public service unions were making out. It's a good deal! Thank you Mr. Jarvis.

[Mr. Fantastic]

I think this could all be solved if California just invested enough money into "Super Skyscraper Government Funded Housing".

I'm talking 200 stories of densely packed living accommodations, 2 bedrooms, with up to 8 people living in these "alcoves". Legal, illegal, latin, non-latin, living together in harmony, all state subsidized and non-taxable.

Then Prop 13 would cease to have any relevance!

[Ultralight]

Originally Posted by totsuka

It's been a boom for the state and citizens. We were being forced out of our homes and only the public service unions were making out. It's a good deal! Thank you Mr. Jarvis.

Its good for big lanowners and corporate property owners smaller landowner and non comercial landowners now pay a signifcantly more in property taxes than before propostion 13.

[Ultralight]

Originally Posted by Mr. Fantastic

I think this could all be solved if California just invested enough money into "Super Skyscraper Government Funded Housing".

I'm talking 200 stories of densely packed living accommodations, 2 bedrooms, with up to 8 people living in these "alcoves". Legal, illegal, latin, non-latin, living together in harmony, all state subsidized and non-taxable.

Then Prop 13 would cease to have any relevance!

The result of Proposition 13 are evident those are inflated housing prices urban sprawl and land speculation plus reduced property tax revenues to fund public services and its geting worrse every year.
Thats the result of a property tax system where the homowner pay property taxes after a frozen market price based on the year the house was bought rather then paying property tax based after yearly current market price and assesment.

[Huckleberry3911948]

prop 13
kept rents down and encouraged property purchase small land lord owneship.
the state is hungry for money, prop 13 cold be canned in which case only large owners would survive. a nation of renters would emerge like england, in england the insurance companies own everything.

[Ultralight]

Originally Posted by Huckleberry3911948

prop 13
kept rents down and encouraged property purchase small land lord owneship.
the state is hungry for money, prop 13 cold be canned in which case only large owners would survive. a nation of renters would emerge like england, in england the insurance companies own everything.

Propostion 13 is coporate sell out becouse corporation rather than indivdual homowners are the benficaries of a system where property is not yearly assesd and taxed while small and non comercial landowners are now paying a much higher property tax rate then before the Propostion 13
Coporations have seen their property tax rate greatly reduced.
The truth is thar corporate property taxburden has shfited more and more towards higher indvidual property taxation instead.

[Ultralight]

Originally Posted by Huckleberry3911948

prop 13
kept rents down and encouraged property purchase small land lord owneship.
the state is hungry for money, prop 13 cold be canned in which case only large owners would survive. a nation of renters would emerge like england, in england the insurance companies own everything.

Yearly property tax assesment and taxation based after current market price would do much to increase Californias revenues reducing the budget deficit and making California able to once again fund public services and once again restore it once world class education system.

[Ultralight]

Originally Posted by Huckleberry3911948

prop 13
kept rents down and encouraged property purchase small land lord owneship.
the state is hungry for money, prop 13 cold be canned in which case only large owners would survive. a nation of renters would emerge like england, in england the insurance companies own everything.

Propostion 13 leads to higher taxes becouse when not enough of revenues are produced thanks to an artificialy low property tax base both state and local goverenments raise taxes to compenstate for property tax shortfalls.
thats why local and income and sales taxes are so high in California this in turn is detrimental for the states buiesness and investment enviorement.

[Ultralight]

Originally Posted by Mr. Fantastic

I think this could all be solved if California just invested enough money into "Super Skyscraper Government Funded Housing".

I'm talking 200 stories of densely packed living accommodations, 2 bedrooms, with up to 8 people living in these "alcoves". Legal, illegal, latin, non-latin, living together in harmony, all state subsidized and non-taxable.

Then Prop 13 would cease to have any relevance!

Prop 13 the 2/3 requierment for passing a budget or raise spending is a fiscal straight jacket. A conservative right wing policy based on starving the beast.