These Tax Laws Are Holding Back California’s Housing Market

Better than that. My SFH doesn’t have rent control.

Prop 13 and 58 are fantastic (not at all biased). Hoard as many houses as you can and never sell. With the low tax basis a house is worth more to you than a future owner. Your children will thank you.

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Anyone who has owned a house more than a year is for Prop 13. Why should government benefit from the housing shortage they created?

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Learn from Oregon. All new buyers inherit the same property tax base as the current owner.

Yet property tax revenue is increasing at 5%+ a year which is more than inflation. Since 1978, property tax revenue has grown more than income tax revenue. California has nearly doubled the number of residents, but the same number pay income tax. Yeah, let’s blame all of this on prop 13.

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This is the strategy of devide and conquer. Make one segment of the population envious or mad about another segment. Let them fight with each other about who pays more tax. The end result would be everyone pays more tax and make the government flush with cash to waste. Haha, the government men will laugh all the way to waste.

The best strategy is to repeal property tax so that no owner or renter would argue about this and save people’s time.

Second best strategy is to make every house reassessed to 1978 valuation plus an exponentially increasing value at 2% per year. This will guarantee an exponential explosion of government spending with a limit on increase.

I don’t know why California likes to make laws making people unequal. Oregon is fair and square in their property tax bill.

Anyone who is against Prop 13 should feel free to give as much money to the state government as they see fit :sunglasses:

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Like people who are against homeless shitting on streets should feel free to mop up after them?

How about resetting rent to 1978 level as well and limit increase to 2% a year?

How about reducing government spending instead

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Trump wants 25B for a stupid wall and 12B handout to farmers for his stupid trade war. Also some stupid crap about a space military.

I am not a Trump supporter.

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That’s a logical fallacy invented by illogical people.

Rent should be compared with home price, not property tax. Buying a home and renting a home are two ways of housing consumption, property tax is never a housing consumption.

Property tax is an optional tax and it can be repealed theoretically, however home price and rent price can’t be repealed to zero.

Home price increase and rent increase should be correlated. Home price and rent price are both determined by market.

Property tax is to fund government operation. Government operations can be funded by sales tax and income tax instead. Property tax is unrelated to rent.

Trump is unrelated to California property tax, nor to Oregon property tax. It’s illogical to build a connection there. That’s a common confusion tactics employed by illogical activists. People in this forum is too smart for that.

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I am a jack Democrat. But if Bernie and Cortez are the voice of the party we will have Trump till 2024.

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It is ok if you hate Trump and it is ok if you like Trump. There is no logic law saying that either of them is impossible.

But it is illogical to compare rent increase and property tax increase. Home price increase and rent increase should be connected logically.

Hallmark of activism is to defy logic and using logical fallacy to advance hazardous theory

Why should rent be tied to property value? If someone bought rental 20 years ago his cost was the property value 20 years ago. Why does today’s property value a concern to him in setting the rent?

If you want to get rid of property tax we can tax income more. I am fine with that. Be careful what you wish for.

Also why should someone pass his tax basis to kids and grandkids? What’s the logic there?

That’s a good question. Democrats made that law

They are propositions from your fellow Californians. Like prop 13.