Re: Prop 13 is BAD

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Article #21569

#21569

From: Chuck Karish
Date: Sat, 30 Jul 1994 01:45

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In article <20498@auspex-gw.auspex.com>,
Wayne Hathaway <wayne@Auspex.COM> wrote:

>So yes, David, you are right that things are in terrible shape.
>But the *BLAME* should be placed squarely on the shoulders of the
>money-grubbing morons in Sacramento, not on taxpayers trying to
>meet mortgage payments or retired people who would like to be
>able to stay in their homes.

It's my understanding that retired homeowners can stay in their
homes through means like reverse-amortization mortgages and
deferred tax payments.

They're being used as the poster kids in defense of the commercial
real estate owners who receive a large proportion of the Prop 13
tax protection.  Recent home buyers are being taxed in a manner
that's more bizarrely unfair than any rotten assessment practices
I've ever heard of elsewhere.
--

    Chuck Karish          karish@mindcraft.com
    (415) 323-9000 x117   karish@pangea.stanford.edu

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From: karish@pangea.Stanford.EDU (Chuck Karish)
Newsgroups: ca.general
Subject: Re: Prop 13 is BAD
Date: 30 Jul 1994 01:45:11 GMT
Organization: Stanford University
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