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California

Buddyzbuddy

(187 posts)

10. Prop 13 in the 70's made it possible for the

Reply to Dem2theMax (Reply #9)

Sun Jan 12, 2025, 03:00 AM

Jan 12

working class to keep from getting priced out of their neighborhoods. Property taxes were kept close to the same as when the property was/is purchased. In Beverly Hills, you might have a multimillion dollar mansion with property taxes of $300,000 per year right next door to a property taxed at $4,000 per year. But, Pacific Palisades is not a middle class neighborhood. At least not since the late 80's. 5 years ago, a 2 bedroom townhouse could start at 2 million. Because it was so isolated it did have a small town, neighborly vibe. All of that will change.

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UniqueUserName Dem2theMax

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Highlight:

A Rare Middle-Class Paradise in L.A. Was Swept Away by Flames [View all] question everything Jan 11 OP

Really good read ribrepin Jan 11 #1

Why don't you cross post to General Discussion so more people can see ribrepin Jan 11 #2

How sad for all of those residents in the Bowl. CaliforniaPeggy Jan 11 #3

Middle class? Average cost of a mobile home in Pacific Palisades is $733,464 JoseBalow Jan 11 #4

In that area, a mobile home park would definitely be looked at as middle class. Dem2theMax Jan 11 #5

There are mobile homes in parks near me that sure as hell don't cost $750,000 MichMan Jan 12 #7

Location, location, location. So what's a mobile home cost where you are? And what's the climate like? Hekate Jan 12 #8

If the $750k mobile home owner owns the land it is sitting on, sure. MichMan Jan 12 #11

But many probably bought decades ago, at much cheaper prices. Liberty Belle Jan 12 #6

That's what my parents did. Bought in the early eighties. Dem2theMax Jan 12 #9

Prop 13 in the 70's made it possible for the Buddyzbuddy Jan 12 #10

Prop 13 was a huge mistake. n/t CoopersDad Wednesday #12

At the time 13 passed Buddyzbuddy Wednesday #13