Title: THE COLLAPSE OF CALIFORNIA Source:
[None] URL Source:https://www.youtube.com/watch?v=tp7cFdQPsFA Published:Aug 4, 2018 Author:Staff Post Date:2018-08-04 22:50:40 by Horse Keywords:None Views:1890 Comments:14
The people of CA have brought this on themselves. They elected the people that allowed this. I lived in CA form 1975 until 1987: I saw the start of the decline then. Tax the people give them what they wanted. The death blow was Porp 13, in the mid 1970's. I know people living in CA, in $300,000 homes and paying less that $5,000 in prop taxes
I know people living in CA, in $300,000 homes and paying less that $5,000 in prop taxes.
What's really sad is so many people like you think THAT is the problem. You spend so much time focusing on and damning the pebble that you never even notice the boulder.
The PROBLEM is NOT that people with homes valued at 300k are paying less than 5k in property taxes on them.
The REAL problem is that in a normal world,these would be 100k houses. The Communists that run California used real estate appraisals as a way to fund their state welfare programs,and if you are a devout Communist with all YOUR money tied up in tax-free trust funds,there is no "purer" way to raise money to house and feed the po than to make those evil selfish people buying houses one step above basic apartment living pay the bill for DARING to pose as the equals of their bureaucratic masters in government.
I have a half-brother living in a cinder block house in San Jose that his father built in 1955. Corner lot,but nothing special. 3 br,1 bath,1 car detached garage and small back yard that was barely enough for a swing set and a blowup plastic child's pool when he was little.
If it hadn't been for the freeze on property evaluations brought forth a couple of decades ago he would be forced to sell it or lose it for unpaid taxes.
Which is precisely what has happened to newer houses across the street from him that weren't covered. Everybody that bought them had to either sell them and move away,or just walk away from them over unpaid tax bills and move away. When I was out there in the mid-70's a lot of them had already been torn down and replaced with 3 or 4 story "partmints fo de po". Guess what happened to his peaceful neighborhood.
Now he CAN'T sell it and move because he won't get enough out of the sale to replace it.
Those people and those homes are not in Silicon Valley. There are Mexican and black neighborhoods with low prices but we cannot live there. They won't let us.
Those people and those homes are not in Silicon Valley. There are Mexican and black neighborhoods with low prices but we cannot live there. They won't let us.
My brother and his family are white. So were most of the neighbors I met,although more than a few were brown,they were all Americans that were born here and spoke good English.
But they did not recently buy a home in a white neighborhood in Silicon Valley. People did buy homes in Silicon Valley for $25,000 in the 1960s before legal and illegal immigration doubled the population. In the early 1970s those $25,000 homes started going for $40,000. In the mid 1980s the same homes were $350,000. Now they are over $1 million. Nobody who works for a living can afford those prices.
Nobody who works for a living can afford those prices.
I agree,and can't for the life of me figure out why people working for a salary would even agree to buy one. After all,what use is a big salary if almost all of goes to put a roof over your head? They would be a lot better off working for 100k a year in a place they can afford to live.
Hard to believe so many smart people act so stupidly,ain't it? I can only guess it is for the alleged "lure of fame" they think they can obtain by telling people "I work in the Silicon Valley as a softwear whatever."
Kinda like a left coast version of "I work on Wall Street".