[MelonFarmerJ]

There are large tax disadvanges to buying in California. Because of Proposition 13, it is common for new buyers to pay ten times the property tax that their neighbors pay.

There will be more squawking by the anti-Proposition 13 forces as the housing market continues to crash in our fair state. Whine, pule and sob, its just not fair!!. Well, hard cheese, newbie homeowners. You just paid a half million for a house that your neighbor paid 100 thousand for a few years back.

Base on what YOU paid, you've obviously got plenty of money to pay the ongoing ongoing ongoing tax that is based on YOUR willingly agreed-to purchase price.

Prop 13 drove a permanent knife into the heart of the California librat's tax and spend concept of paying a current "value" tax rate on every asset purchased at some prior time. All praise to Saint Howard Jarvis.

[dalereed]

Be aware of the hooker in prop.13, if you appeal and get your tax (assessed value) lowered in a falling market, when the market rises again you don't go back to your original prop. 13 protection, they re asses at current market value.

[Enterprise]

Triple Ditto!