To the editor: I would have liked to see Mitchell Landsberg and Gale Holland write more about proposition 13 as a factor in the housing crisis of our city (“The true story of how it became the epicenter of the crisis of homeless people in the United States”, July 10). Receive only the attention of a paragraph, and is failed only for hunger from local funds to deal with the lack of housing. In fact, the most serious consequence of proposition 13 has been subsidizing the owners, which allows them to cling to their holdings so much to distort the market in their favor. By maintaining the value evaluated for fiscal purposes close to the price at the time of purchase, proposition 13 discourages the owners of a lot of time to sell, which perpetually limits the inventory in the publication of the public.
The housing crisis is fundamentally driven by the high real estate prices of heaven, and there is no solution that does not imply the values of ownership of the owners. The repeal of proposition 13 in favor of a great tax on the present value of the Earth, preferably with exempt improvements, is the most efficient means for this purpose. If we are not willing to tanks of the California real estate market, then we are not willing to solve the problem.
Michael Raley, Los Angeles
