Comments on: California budget and housing are interlinked – California home sales spike but prices remain near the trough. Why California housing values cannot increase without income and employment growth.

By: Lisa Patterson

Lisa Patterson — Thu, 20 Jan 2011 21:54:46 +0000

All the money is going to the Corporations and Top 1%, That’s the REAL problem with this country.

By: Bruce

Bruce — Fri, 21 May 2010 21:17:49 +0000

regarding “If you overlay a CA employment graph with a CA housing price graph”
Where do I get a CA employment graph and a CA housing price graph?

By: compass rose

compass rose — Fri, 21 May 2010 15:20:51 +0000

Re: 5/16: Thank you, PRCalDude. Too many people are (ignorantly) using Prop 13 as a bludgeon in their larger agendas of fomenting intergenerational warfare.
~
I was surprised to see–for the first time since I started reading DHB in late ’06–that red foreclosure line fall below the yellow one. I.e., the first time since early 2006 that foreclosures weren’t more than ever before.
~
Then I realized that if banks aren’t foreclosing but letting people live rent free, the line should in fact be up there above the yellow one. I.e., the downturn is only an artifact of a deeper economic/housing sickness.
~
rose

By: PRCalDude

PRCalDude — Thu, 20 May 2010 14:37:01 +0000

@swiller

“PROP 13 was intended to allow people to stay in their homes without being forced out by huge tax increases…and it worked.”

There it is. Full stop.

“Yet, if a fire breaks out or police services are needed, the person paying 1 thousand gets 100% equal service.”

State property taxes don’t go to fund municipal services. Municipalities raise their own taxes or just increase fees for other services.

” PROP 13 also punishes the new and upcoming generation.”

I’d argue that what punished the upcoming generation in this state was ethnically cleansing it with Mexicans. Pleasant dreams:
http://www.lewis.ucla.edu/special/metroamerica/ladiversity.htm

You don’t sound like a native of this state.

By: PRCalDude

PRCalDude — Thu, 20 May 2010 14:30:06 +0000

@redfinsurfer ” Is it fair that someone that owns a multimillion dollar property (e.g. $1,800,000) pay the same or less in property taxes as someone that purchased the median home in Orange County for $435,000 ? Was this the purpose of prop 13?”

I don’t care. All I care about is that my parents and grandparents aren’t re-assessed and taxed at higher rates because of the ridiculous bubble in prices. Both have paid off their homes and the latter are retired and on a fixed income.
You’ve failed to mention how Prop 13 doesn’t protect them (it does). They’ve always sounded grateful to have that law.

For the record, I think paying taxes based on your purchase price of your home is awfully fair.