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Re:If you sell a house these days, the buyer might be a pens... by dragonwriter on Wednesday June 09, 2021 @12:10PM (#27449570)
Well, no, California has Prop 13, because wealthy investors in property used constructed images of that scenario to build support for a law to transfer more wealth to the already wealthy, not because its was a real problem (and, even if it was, Prop 13 doesn’t focus on dealing with that problem.)
Re:If you sell a house these days, the buyer might be a pens... by bcrosby95 on Wednesday June 09, 2021 @01:25PM (#27450605)
> not because its was a real problem (and, even if it was, Prop 13 doesn’t focus on dealing with that problem.)

California politicians were working on solutions to the property tax problem for years. The same year prop 13 was on ballot, something else was on ballot to fix the problem, which would have done a much better, targeted job - but unfortunately big money poured into prop 13 and that got passed.

My parents bought a new house in 73, and by the time prop 13 passed it was worth around 3x the purchase price. They both worked in tech and were close to having to sell their house (they had 4 kids).

It was a real problem, prop 13 was just a bad solution.

Re:If you sell a house these days, the buyer might be a pens... by dv_dt on Wednesday June 09, 2021 @12:59PM (#27450283)
There are problems with prop 13, but it does prevent people from being kicked out of their owned homes for temporary market conditions that are out of their control.

Imho the problem was that the politics of the day got it passed to cover commercial properties too, when it really should just cover primary residences. And not secondary homes or rental properties.

Re:If you sell a house these days, the buyer might be a pens... by rcpt on Wednesday June 09, 2021 @01:03PM (#27450350)
The California Tax Postponment Program prevents displacement of low income seniors and the disabled. Prop 13 is wholly unnecessary.
Re:If you sell a house these days, the buyer might be a pens... by dv_dt on Wednesday June 09, 2021 @01:26PM (#27450626)
These programs often have terrible red tape and even awareness problems. They also ignore people who aren’t seniors but may be going through temporary rough spots. I prefer to have the prop 13 rules fundamentally built in an applied to all primary residences as a measure to provide a more universal stability of a home.
Re:If you sell a house these days, the buyer might be a pens... by rcpt on Wednesday June 09, 2021 @03:25PM (#27452012)
> These programs often have terrible red tape and even awareness problems.

Prop 13 is $30B (billion!) per year. Surely there are cheaper ways to fix the "red tape" and "awareness problems",

Re:If you sell a house these days, the buyer might be a pens... by xsmasher on Wednesday June 09, 2021 @05:20PM (#27453372)
I would prefer that prop13 did not apply to commercial property, and that it only applied to the first 500k of home value.