Housing Values May Drop Over 50% In Silicon Valley (Vista, Palo Alto: coop, mobile home)

[phantompilot]

Originally Posted by Perma Bear

I'll see kids drag race down coffin rd in deuce coupes before they repeal prop 13: (hint: coffin rd doesn't even exist anymore).

You seem pretty adamant/confident in that? But have you taken into account that this is the state whose mono-party legislature recently passed a Universal Healthcare bill?

Prop 13 is the only thing standing in the way of funding that. Surely you can see where this is headed.

Also, have you factored in that the Prop 13 electorate is nearly extinct? Those voters are all elderly now, and in another 10 years, there won't be many people who even know what Prop 13 is let alone voted for it. It used to be said that Prop 13 was the "third rail" of California politics. Now its more like, "Prop what?"

The "old ways" of the previous generation have already been swept away by the demographic tsunami. It just seems foolish to bet on the edifice of Prop 13 to be the only thing left standing.

[Perma Bear]

Originally Posted by phantompilot

You seem pretty adamant/confident in that? But have you taken into account that this is the state whose mono-party legislature recently passed a Universal Healthcare bill?

Prop 13 is the only thing standing in the way of funding that. Surely you can see where this is headed.

Also, have you factored in that the Prop 13 electorate is nearly extinct? Those voters are all elderly now, and in another 10 years, there won't be many people who even know what Prop 13 is let alone voted for it. It used to be said that Prop 13 was the "third rail" of California politics. Now its more like, "Prop what?"

The "old ways" of the previous generation have already been swept away by the demographic tsunami. It just seems foolish to bet on the edifice of Prop 13 to be the only thing left standing.

Even I won't vote against prop 13. It'll absolutely murder anyone who inherits if prop 13 is repealed.

[Ultrarunner]

Originally Posted by phantompilot

Prop 13 won't be around very much longer. Wake up and smell what the left is cookin.

I'll bookmark this thread and check back on it to see how you all like the crow.

The reports of Prop 13 imminent demise have been around since 1978...

Even Jerry Brown has said Prop 13 is settled law and he should know.

[Perma Bear]

Originally Posted by Ultrarunner

The reports of Prop 13 imminent demise have been around since 1978...

Even Jerry Brown has said Prop 13 is settled law and he should know.

Howard Jarvis released a cancer that relegated me to poverty and living at home despite having 15% of a million dollars at 25 years old.

[dogandcat]

Originally Posted by Perma Bear

Howard Jarvis released a cancer that relegated me to poverty and living at home despite having 15% of a million dollars at 25 years old.

It can be an achievement in Oklahoma not Silicon Valley especially living with parents not paying for rent.

[Perma Bear]

Originally Posted by dogandcat

It can be an achievement in Oklahoma not Silicon Valley especially living with parents not paying for rent.

Bet you the vast majority of younger people even in Silicon Valley have more
Debt than assets.

[Ultrarunner]

Originally Posted by Perma Bear

Howard Jarvis released a cancer that relegated me to poverty and living at home despite having 15% of a million dollars at 25 years old.

Poverty??? You have posted extensively of socking away thousands of dollars living with family

[Perma Bear]

Originally Posted by Ultrarunner

Poverty??? You have posted extensively of socking away thousands of dollars living with family

But I can't own even a tiny sliver of land. I am the very face of poverty.

[dogandcat]

Originally Posted by Perma Bear

But I can't own even a tiny sliver of land. I am the very face of poverty.

I hope you do not think so but just trolling/kidding with us!

[Perma Bear]

Originally Posted by dogandcat

I hope you do not think so but just trolling/kidding with us!

Prove otherwise.