California’s Long Term Real Estate Issues

As cities and states deal with declining real estate values and rising rates of foreclosure, at least we have the future to look forward to and its promise of prosperity and a better tomorrow. Or can we? Some of the projections I have been reading do not anticipate the housing market staging a turnaround until … Read more

Is It Time to Amend Prop 13? – The Real Estate Property Tax

Prop 13 was passed in 1978 as a means to thwart increasing property taxes that were a result of rising property values. It limited the tax to 1% of the assessed value of the property and limits the increase in assessed valuation to 2%. Proponents of Prop 13 claim that this is a fair tax … Read more