Quote:
Originally Posted by fintstone
I am curious, if Proposition 15 passes to get rid of some provisions of Proposition 13 (increases property taxes on commercial properties with combined worth of more than $3 million to be based on current market values vice purchase price*), will that change anyone's mind? If I understand this, it seems like prices for just about everything would go up (from fast food to marijuana), including building rents as these additional costs are passed on to consumers.
*The tax is currently limited to no more than 1 percent of the purchase price (at the time of purchase), with an annual adjustment equal to the rate of inflation or 2 percent, whichever is lower
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There are a ton of new people and/or emerging personal companies vested in major real estate purchases. They all have a positive vision. Many are young positive entrepreneurs and believe in the hype of the silicone valley days.
Stretched thin on monthly economic payments like a rubber band..COVID politics is the knife.
When the onslaught on big international money rushes in and goggles up all, where does that leave local entrepreneurship?