August 9th, 2017
Will Proposition 13 be under attack in future elections? You bet. I remember back when it was passed, my parents would not have been able to afford to keep their home had it not passed. Taxes would have sky rocketed. While I understand that many consider Proposition 13 unfair as it puts the burden on folks who are buying homes now (your property tax is basically a little above 1% of your purchase price), the fact is, many of our Seniors who have been in their homes a long time and whose incomes have not gone up at the rate of their home’s market value or who are living on a fixed income, would be forced to sell. This isn’t fair to these folks who have contributed taxes for years and years and it would create such an increase in supply of homes for sale, that with the elimination of Proposition 13, it could precipitate by virtue of massive supply increases in the number of homes for sale, a downturn in the real estate market.
Proposition 13 was also created and passed to put a check on the “drunken sailor” (full apology to drunken sailors) mindset of progressive liberal state legislators who clearly have no concept of frugality and for decades have spent our State into massive debt. The elimination of Proposition 13 would give power hungry legislators carte blanche to write blank checks with funds that do not exist and will allow them to create those funds with new property taxes that will further destroy our real estate market making home ownership costs not only more expensive but will drive down prices as fewer buyers will be able to afford homes.
Shown in the picture: LA homeowners wielding signs in protest to rising property taxes on front lawn of homeowner Mark Slade re Proposition 13 tax revolt. (Photo by Tony Korody/The LIFE Images Collection/Getty Images)
It is imperative to resist and vote against any measure, regardless of the candy coating that the likes of Jerry Brown will use as “smoke and mirror” tactics. There’s a good article written by Katherine Daigle that helps explain the situation.
I subscribe to a “watchdog” group here in Palos Verdes called PVP Watch. I urge you to subscribe to their newsletter by sending an email to firstname.lastname@example.org Their latest newsletter in regards to Proposition 13 is copied below:
November 8th – General Election
For those who do not receive HJTA / Howard Jarvis Taxpayer Bulletins
HJTA LAUNCHES NEW INITIATIVE GUIDE
Sacramento – The Howard Jarvis Taxpayers Association has launched a new website giving California taxpayers objective information on the initiatives that will appear on the November 8 ballot.
The new website, which can be accessed at www.cainitiatives2016.com or through the rotating banner on the HJTA website, www.hjta.org, offers latest news related to the propositions, brief summaries of each proposal and short descriptions of arguments for and against. The site also offers links to the text of the measures themselves and links to the websites of campaigns for both sides.
“Soon, airwaves will be saturated with millions of dollars in deceptive political advertising” said HJTA President Jon Coupal. “Voters need to examine the measures for themselves and then come to their own conclusions. This new website will be a valuable tool to help people make their decisions based on facts and not misleading political ads.”
The website will be updated regularly as developing news occurs and as additional campaign organizations are launched.
Those interested in HJTA’s Ballot Recommendations for Taxpayers can find these at www.hjta.org, under “Hot Topics.”
The Peninsula’s current Assembly Member is David Hadley. Assembly Member Hadley, a Republican was elected two years ago and has an outstanding record of accomplishment in the Democratic controlled California State Government. Mr. Hadley is an ardent supporter of Prop 13 and is endorsed by the Howard Jarvis Taxpayers Association.
PVP Watch supports a vote FOR David Hadley for the 66th AD.
We encourage all to visit Hadley’s website – https://ad66.asmrc.org/. While you are there suggest you sign up for his newsletter for current information from Sacramento.
Vote for David Hadley for 66th Assembly District on November 8th.
PVP Watch – Welcomes Contributions
PVP Watch is appreciates the contributions of the many subscribers who have sent checks to PVP Watch and is dependent on the financial support of our many subscribers. Those desiring to make a modest contribution, please send checks to PVP Watch / PO Box 2041 / Palos Verdes Peninsula, CA 90274
PVP Watch – Newsletter List- A reminder to ALL PVP Watch supporters, should you change your e-mail address don’t forget to advise PVP Watch of your new address. We also suggest that email@example.com be added to your computer Contacts Directory to assure delivery of PVP Watch Newsletters.
Get the latest real estate trends from Manhattan Beach homes south through the Palos Verdes homes markets
Deep demographics on the individual multiple listing service areas, not just zip codes but rather specific zip codes
|Join me on Google+Original Content for Palos Verdes Home Sales George Fotion||