"California's economy is the largest of any state in the US, and is the eighth largest economy in the world. As of 2008, the gross state product (GSP) is about $1.85 trillion, which is 13% of the United States gross domestic product (GDP). The state's GDP growth rate slowed to 0.4% in 2008 after having grown 3.1% in 2006 and 1.8% in 2007. As of 2010 California along with Texas leads all other states in the number of Fortune 500 headquarters at 57 companies each."
Yea, our illegals are of great concern to us here in a state which is the EIGTH LARGEST ECONOMY in THE WORLD !
Your uncle's property sale problem has very little to do with new owner property taxes. He enjoys Proposition 13 tax relief because he owned his place for many years. It's a great tax relief for elderly folks who can't afford continually raising property taxes like other states. Even Nevada which was once one of the lowest property tax states for years - has mimicked Calif and raised their property taxes substantially to pay for better public services and infrastructure improvements. Your uncle's property sale problem is like everyone elses right now ......people are jobless and new loans are almost impossible, properties don't appraise etc etc
jvaski Forum Posts (9,576)
RE: US congresswoman Gabrielle Giffords shot point blank at public meeting