If you sell a house these days, the buyer might be a pension fund

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.

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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.

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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.

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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",

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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.

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