News for hackers. Stuff that matters.
Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by viscanti on Saturday March 23, 2019 @10:40PM (#19473836)
Anyone who buys property now subsidizes (through higher property taxes) EVERYONE who bought properties in the past. Some of those previous owners might be teachers or retired couples. But many other are movie stars and tech millionaires or billionaires.

New home owners in California are subsidizing everyone else who bought property in the past. It creates a disincentive to sell as people want to be locked in to below market rates. It might help some people that we hope to help, but it also helps lots of people who should be paying their fair share that they're instead pushing off to new home buyers.

Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by lostapathy on Saturday March 23, 2019 @11:18PM (#19474012)
Prop 13 is essentially the old stealing from the young. It’s disgusting.
Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by jimmaswell on Sunday March 24, 2019 @02:36AM (#19474800)
Fascinating how the attitude shifts to/away from it being good to force out old residents depending on the emotions around the topic
Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by epistasis on Sunday March 24, 2019 @03:41AM (#19475005)
That's completely disingenuous, and deceptive. What does Prop 13 have to do with keeping at-risk people in their homes?

That's not what Prop 13 is about, it treats golf courses and property speculation the same as people on disability or pensions. It treats vacation homes and investment property the same way.

If it was about keeping at-risk people in their homes, there would be some mention of that. If it were about that, Prop 13's effect would be mostly to keep at-risk people in their homes. But the majority of what Prop 13 does is reward the super wealthy and jack up the incentives for speculation on real estate. Compare the tax incentives handed out to the wealthy compared to those tax incentives given to those in need, is there any chance that Prop 13 is meant for those at need?

Be honest here, does a Howard Jarvis tax bill sound like something aiming at helping those in need, or is the "help" just a cover for a scheme to hugely increase wealth inequality, and force larger tax burdens away from the wealthy to the less wealthy?

So don't give us those false accusations that wanting to fix the horribleness of Prop 13 means wanting to kick people out of their homes, those two concepts are not connected.

Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by Dylan16807 on Sunday March 24, 2019 @03:48AM (#19475029)
It's not very bad to force old residents out and pay them hundreds of thousands of dollars for it.
Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by viscanti on Sunday March 24, 2019 @01:59PM (#19477702)
Right. It's hard to argue that new home buyers should subsidize people who bought properties decades ago and have made hundreds of thousands of dollars on the appreciation.

Why should taxes be disproportionally higher for new buyers and housing options more limited for everyone else? Not everyone in the world can live in California, and I'm not convinced that living there decades ago entitles you to live there forever if you can't afford the current prices. As a society we've decided to allocate scarce resources by price. If someone bought property in California decades ago and can't afford to pay their fair share of taxes on that property now, they can sell it at a huge increase in price and can afford to buy a luxury property in most other areas of the country.

Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by WillPostForFood on Sunday March 24, 2019 @12:01AM (#19474211)
like social security and medicare?
Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by lostapathy on Sunday March 24, 2019 @12:09AM (#19474242)
prop 13 is worse. Social security and Medicare have gotten to where we have obvious structural problems we need to resolve long term, but they at least were founded in hopes of fairness. Prop 13 was theft generational theft from day 1.
Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by spamizbad on Saturday March 23, 2019 @11:46PM (#19474160)
Does that loophole still exist where you can transfer the property to an LLC and then sell the LLC without triggering a tax assessment?
Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by Latteland on Sunday March 24, 2019 @02:40AM (#19474822)
Yes, that loophole still exists.
Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by rcpt on Sunday March 24, 2019 @02:09AM (#19474725)
Can't think of any other way we'd still have golf courses in city centers
Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by newnewpdro on Saturday March 23, 2019 @11:01PM (#19473932)
You're drawing a disproportionately weighted link between high property values and the low taxes of past property owners, it's just not there.

This is a problem in the especially desirable pockets of California, and people don't want to give up a good thing once they've got it, especially when it's increasingly scarce due to the low rates of residential development.

You wouldn't have fixed the housing shortage by raising taxes, you'd just have accelerated the concentration of wealth displacing people who luckily got to live out their lives in a place they could no longer really afford to compete in.

It would still be exorbitantly expensive IMHO.

Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by lostapathy on Saturday March 23, 2019 @11:20PM (#19474022)
It would be expensive but the tax burden would be fair if based on your property value. Now it’s more based on how long you’ve owned it, which is just the people who got there first stealing from those who happened to come later. Whatever happened to equal opportunity?