State Farm said Friday, May 26, that it will stop accepting new applications for property and casualty insurance in California..
Home sales will stop very quickly.
Then the government takes over housing.
“Home sales will stop very quickly.!”
One of the often unknown +’s about Prop 13 in California has been the ability to keep and transfer your lower/older yearly tax base to some counties which have higher appraisal values and still keep your older/lower property taxes when buying a newer home with your low prop 13 tax rate.