[CIB-173RDABN]

Prop 13 is essentially California's version of "rent control." The problem is, most Californians can't keep up with the cost of California's infrastructure.

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Rent control? So, it is your view no one but the Government owns property. It is never ours, we only "rent" it from the government. And the government should be allowed to raise the rent as often as the market will tolerate, and if you can not pay, get out and let someone else have it.

This country has really gone down hill over the past half century if we have people that belive this is the case.

[durasell]

Obviously private citizens own the property. I used the comparison to "rent control" as a system that favors those who have been in a place the longest irregardless of "market value."

California is an expensive place. You have a lot of goodies to pay for -- roads, complex water systems, a state university system, etc. etc. etc.

Some of these things you may see an unnecessary, but many of them have added value to the homes of the residents.

At the present time California is locked in a death match between Northeast States for the 21st century industries and businesses. Whoever wins gets to not be Detroit.

[AdamSelene235]

It is never ours, we only "rent" it from the government. And the government should be allowed to raise the rent as often as the market will tolerate, and if you can not pay, get out and let someone else have it. This country has really gone down hill over the past half century if we have people that belive this is the case.

That's about the size of it. Kelo vs. New London established the purpose of private property in the United States is to generate revenue for the government.

[M. Espinola]

Problems won't be restricted to California.

Analysts: Dollar collapse would result in 'amero' Think deep recession likely regardless of Fed's actions