It's not that they aren't entitled to it, it's that the tax rates should be going down because their budget is being met. Instead they just increase their budget.I own a home in CA. Lived in it for 30 years. During that time many of my neighbors have sold their homes for a lot of money and that justifies my taxes increasing? That increased value hasn't put a cent into my pocket, it hasn't increased my income, it hasn't improved my quality of life.
When I purchased my home I knew what I was paying for the house and the taxes, and I could just afford it. The idea that the state is entitled to tax based perceived value is insane.
Taxing people out of their homes so they can be sold to wealthy people is absurd. And what happens to folks who's homes have decreased in value? Does the state refund all of the overpaid taxes? Is the state going to guarantee the value of my home?
You seem really upset that homeless people wouldn't piss on your house if it was on fire.Lol are you a complete moron or just ignorant as shit?
Record unemployment.
Record homelessness.
Drug problems galore.
Iphone apps for people to mark on maps where hobo turds are on sidewalks
Ever increasing state taxation to "address" the problems I mentioned - yet it only gets worse. Likely because those services depend on it continuing in order for them to get a paycheck.
Housing crisis galore from NIMBY libtards and FYGM tax policies.
It's the absolute opposite spectrum of what any sane and rational person would call a success.
Lol it's not how it works in sensible states like mine.Pretty sure this is the way it works in most other places with property taxes, but keep telling yourself it's insane. If you don't like it, you should be arguing against all property taxes, not arguing for special exemptions for yourself while fucking over everyone else.
The premise is that combined with zoning changes, taxing people on the current value of their homes will help drive prices down so that normal people can afford the homes...
Speaking of insanity, wut? You pay based on the current value. If it goes down the next year, you pay less. If it goes up, you pay more. There are no refunds. There are no retroactive increases or decreases. This is a really bad attempt at debate.
It's kind of hilarious that you're too stupid to figure out that arguing nobody wants to live in a place and a housing crisis are kind of mutually exclusive.Lol are you a complete moron or just ignorant as shit?
Record unemployment.
Record homelessness.
Drug problems galore.
Iphone apps for people to mark on maps where hobo turds are on sidewalks
Ever increasing state taxation to "address" the problems I mentioned - yet it only gets worse. Likely because those services depend on it continuing in order for them to get a paycheck.
Housing crisis galore from NIMBY libtards and FYGM tax policies.
It's the absolute opposite spectrum of what any sane and rational person would call a success.
Calling Texas sensible, thanks for the laugh.Lol it's not how it works in sensible states like mine.
In Texas, you can be fried to death or freeze to death. I'm in Colorado and I see a lot of license plates from Texas and Florida.Lol it's not how it works in sensible states like mine.
I get the sense that there's a subset of Texans who think Texas should be the subject of national/international admiration like California is and they are very angry this isn't the case.Calling Texas sensible, thanks for the laugh.
Let's see - one state is having a massive exodus. The other is having massive investment....I get the sense that there's a subset of Texans who think Texas should be the subject of national/international admiration like California is and they are very angry this isn't the case.
It's kind of this:
Where in Sacramento was this 2bd apt you could rent for $200/mo in the early 90s? That is just BS. Was it a crackhouse in Del Paso Heights?
Definitely giving off a major Loki vibe.I get the sense that there's a subset of Texans who think Texas should be the subject of national/international admiration like California is and they are very angry this isn't the case.
It's kind of this:
If telling yourself that makes you feel better that's great but what I said is true. There's some weird subset of people like you in Texas who feel inferior to California so you're always raging about it. People in California don't think about Texas much at all.Let's see - one state is having a massive exodus. The other is having massive investment....
CA has the weather. That's all they've ever had to attract people to it. And now that's starting to come at the cost of yearly shit in your pants of I hope the wildfires aren't near me.
CA will only continue to die.
People in California don't think about Texas much at all.
That's not true. We think about Colorado a lot, love the state. Might be hypoxia induced delirium but whatever 😂I might amend *Texas* to *anywhere that isn't California except NYC* but yes, this is accurate.
OK, so lets say my position is what you say it is, selfish, entitled, and immoral. What do you suggest I do, what course of action should I take?Just like those millions except of course for the many hundreds of thousands or even millions of dollars you would have if you sold it.
You should try telling someone living in their car that you guys are the same. I’m sure they will take it well, haha.
Moral policies do not mean that everyone gets exactly what they want. That’s not morality, that’s entitlement.
Yes, and in order to do so you’re willing to inflict massive human suffering. I think that’s bad!
Right, you want to pay special lower taxes on your enormously valuable property while other struggling people are forced to pay far more. You get to reap all the benefits of the skyrocketing prices your NIMBYism has inflicted on the state while everyone else shoulders the costs. I believe you are of the boomer generation, right? If so, that’s basically the epitome of that generation. Me, me, me.
I think we all understand this is your position, it’s just selfish, entitled, and immoral.
Re: prop 58's impact when overlaid on prop 13
https://lao.ca.gov/reports/2017/3706/property-tax-inheritance-exclusion-100917.pdf?pdf=3706
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Why is this a problem? Well a couple reasons 1) affordability for people trying to by homes 2) tax revenue forgone that has to be replaced
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And finally heirs converting these residences into rentals causes yet more supply problems
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Vote only for people who are willing to take strong action to address the housing crisis. Throw the NIMBYs out of office on both the state and local level.OK, so lets say my position is what you say it is, selfish, entitled, and immoral. What do you suggest I do, what course of action should I take?
Surely you must realize that first time buyers are paying much more in taxes than they would otherwise, precisely because tax rates on incumbent property owners are so low.First, thank you for the data.
As I suspected, the percentage of people using the transfer is small and it’s impact on the overall housing market would be minimal, certainly not enough to keep people from being able to buy houses. The issue is pretty clear, there is a lack of housing nationwide with California being hit particularly hard. This should be pretty evident if you look at when housing prices started to rise, 2001-2002 but guess what else was happening at that time? Banks were giving out loans like crazy. Of course that money went away but guess what remained? An ever rising increase in housing prices. So it’s not a monetary issue, it’s a supply issue.
Causing financial instability with a varying tax rate in one of the largest states with the largest economy is not a good policy for anyone trying to buy a home, especially for the demographic that typically comprises of first time buyers.
First, thank you for the data.
As I suspected, the percentage of people using the transfer is small and it’s impact on the overall housing market would be minimal, certainly not enough to keep people from being able to buy houses. The issue is pretty clear, there is a lack of housing nationwide with California being hit particularly hard. This should be pretty evident if you look at when housing prices started to rise, 2001-2002 but guess what else was happening at that time? Banks were giving out loans like crazy. Of course that money went away but guess what remained? An ever rising increase in housing prices. So it’s not a monetary issue, it’s a supply issue.
Causing financial instability with a varying tax rate in one of the largest states with the largest economy is not a good policy for anyone trying to buy a home, especially for the demographic that typically comprises of first time buyers.
Surely you must realize that first time buyers are paying much more in taxes than they would otherwise, precisely because tax rates on incumbent property owners are so low.
Additionally, property taxes are among the most stable taxes historically. One of the reasons why California's finances are so unstable is they are unable to rely on property taxes and instead rely on things like income, sales, and capital gains taxes, all revenue sources that tend to dry up in a recession. So really if your goal is to inject financial stability into California the answer is to eliminate prop 13 and then lower these other, more cyclical taxes.
As extensively discussed in this thread it is one problem among several and they compound each other. We're still talking about a lot of properties yearly. I mean sure say 7% doesn't sound like a lot but 7% of 400-500K sales is a lot of homes.
Literally how it works in basically the entire rest of the country. Also the argument that comparatively high taxes for new homeowners and lower ones for existing homeowners is a universal good seems dubious.
It’s bad tax policy that makes an already horrific situation worse.While 7% isn’t nothing, it’s not the “what about the children” house ownership killing other posters are claiming it is.
I don't think anybody local would ever run on a platform like that if they have any hopes of winning and state wide I already have.Vote only for people who are willing to take strong action to address the housing crisis. Throw the NIMBYs out of office on both the state and local level.
It's not like I'm expecting you personally to solve the housing crisis but every person counts.
It’s bad tax policy that makes an already horrific situation worse.
Worst of all, it’s a policy designed to enrich the people who caused the crisis to begin with. Now there is no reason for incumbent home owners to not try and run prices to the moon as it’s pure profit.