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The irony is that greed and wealth rotted places like Los Angeles. Except for their little enclaves. Rich voted for policies to restrict public transit or to stop building.
Same exact policies that caused the problems we have now..
Thanks to a series of idiot Governors who value indigent diseased illegals more than successful millionaires and those who contribute to society, we are now descending into a blue craphole. Hard to believe Ca was once the golden state in the 60's with the best roads and schools and conservative leadership. We now have cities that are fighting disease and rat infestations and feces in the streets. The same things faced by third world backward countries. It continues to look grim as the "free handout party" of corrupt DEMS get voted in year after year.
U-Haul availability in California can be a waiting list. Trailers are leaving the state and unlike in the past, U-Hail is having to hire people to bring the trailers back to California. Unlike before. People are not coming & going... They are just going.
There are a lot of people who were forced to leave CA against their wishes because it became too expensive and unpleasant, between rising taxes, rising home prices, and creeping poverty. I imagine this is a sensitive topic for many ex-Californians and those current residents contemplating a departure.
It really boils down to falling short of potential that was briefly realized, a Paradise Lost.
Briefly realized ? LOL.
Off the top of my head, Three of us who often post in these threads are natives who all could afford to move back.
If you thought the points of criticism that appear had no validity, you wouldn’t care one whit about them, and would thus ignore threads like this.....but here you are.
My 2100 sqft home back in Houston TX that needed like $50K to $65K worth of work would be valued at $650k+ in CA. CA is bottom 5tro be a 3rd world state Mississippi Kentucky West Virginia are way close than Ca will ever be to become a 3rd world state. I guess since Trump said bad things about CA and Baltimore they are worse off than Haiti and Puerto Rico Trump sheep will believe everything he says no matter how stupid it is.
I think the new law is silly, and that it’s a candidate’s business whether to release tax returns or not, but I think it’s hilarious that Trump is so butt hurt about it.
Have you researched the numbers? We bought a house in 1987 that was outside the reach of the Prop 13 property tax reductions. So we were paying 10 times the property tax that our next door neighbors were, as they were older and had been in their house for many years. Lots and lots of those older folks are gone now. It is basically a benefit only for older baby boomers now, and I am not sure what percentage of the population that is. I doubt it is your "vast majority."
You either didn’t read your own link, or you did, and you don’t understand it.
The second sentence in your post indicates that you don’t understand how Prop 13 works.
Prop 13 capped the annual increase in assessed value at 2%.
You didn’t ‘buy a house that was out of reach of the prop 13 tax reductions’. Virtually all of the houses sold in California in 1987 weren’t going to be getting a reduced assessment, as that was during a period of appreciation. The only people who got initial reductions were the people who owned in 1978, and they got a reduction to the 1976 assessment level. People who have benefitted since then aren’t just oldsters, they’re people who successfully timed the bottom of the market, or bought in a declining market and were able to have that reflected in their reassessments.
Thanks to a series of idiot Governors who value indigent diseased illegals more than successful millionaires and those who contribute to society, we are now descending into a blue craphole. Hard to believe Ca was once the golden state in the 60's with the best roads and schools and conservative leadership. We now have cities that are fighting disease and rat infestations and feces in the streets. The same things faced by third world backward countries. It continues to look grim as the "free handout party" of corrupt DEMS get voted in year after year.
Good for them, they deserve it. I do feel for those that live there that don't agree with the direction they are headed.
Housing markets across the country are at record highs and increasingly unaffordable.
The Wall Street Journal wrote about this:
"America is facing a new housing crisis. A decade after an epic construction binge, fewer homes are being built per household than at almost any time in U.S. history.
Home construction per household a decade after the bust remains near the lowest level in 60 years of record-keeping, according to the Federal Reserve Bank of Kansas City.
What makes the slump puzzling is that by most other measures, the American economy is booming. Jobs are plentiful, wages are on the rise and the stock market is near record highs. Millennials, the largest generation since the baby boomers, are aging into home ownership.
Bob Snowden, a home builder in the Grand Rapids, Mich., area thinks he understands what’s happening. He says he gets calls practically every day from families in the thriving western Michigan city asking him to build them a new home. He ends up turning most of them down.
Demand for housing is stronger than he has ever seen, he says, but land and construction costs have roughly doubled since the end of the last boom a decade ago.
A combination of tightened housing regulations, a lack of construction labor and a land shortage in highly prized areas is driving the crisis, according to industry experts."
"Housing markets across the country are at record highs and increasingly affordable." Then explain the house building BOOM going on across the country.
Northern houses must be selling because so many have SOLD their houses and moved SOUTH.
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LOL.
Trump sheep will believe everything he says no matter how stupid it is.