Supervisors Kevin Jeffries and John Benoit have introduced Prop 90, a measure that allows senior citizens to transport their tax base from another county to a new home in Riverside County. It's a great program and we encourage your support by sending the attached letter, an email or just sign the petition.
RealtyTrac Presentation at Los Angeles Real Estate Investors Club October 2013ATTOM Data Solutions
RealtyTrac Vice President Daren Blomquist shared the latest housing trends at the national, state and local level with members of the Los Angeles Real Estate Investors club, also providing practical tips on how to leverage those trends to grow their business using a service like RealtyTrac.
Economic and Real Estate Outlook by Lawrence YunLana Tsarikaeva
Every year local realtors gather at the Computer History Museum in Moutain View for the annual Economic and Real Estate Update by Lawrence Yun, Chief Economist for National Association of Realtors. Below are my notes from the presentation.
1. Tax reform may harm the real estate, for more information, go to http://on.car.org/2017taxreform
2. Once the election ended the interest rates went up, mortgage rates are still low, expect interest rates increase in December 2017.
3. Housing shortage past 10 years across the United States, last time we had one after the World War Two. We are facing the same issue now. Reasons: too many regulations, shortage of lots, shortage of construction workers, domestic trade skill shortage.
4. Inventory, inventory, raise capital gain exemption at least for California.
5. We used to have Oversupply vs Loose lending rules, Today undersupply and Tight lending. Both are equally bad.
6. Fewer borrowers defaulting on mortgages in California due to 20% downpayment mandate.
7. Homeownership rate still near 50-year low
8. Student debt stops young generation to buy a house.
9. Solid jobs growth
10. Jobs opening skyrocketing
Linear-rational thinking is privileged in mainstream corporations, hence there is risk by disregarding systemic thinking at management. In adittion, holistic thinking is not enough (see Asian culture-firms), thus humanism ought to be included.
Quantum mechanics and alterity (otherness) are melt to generate quantum humanism. Examples are shown that correlates quantum thinking (systemic-holistic) with management
Research done in three Latin American companies that practice participatory-democratic management is briefly presented
KPI are very useful to measure how business is running; but sometimes, they have wrong effects on behaviours of actors; that is why we explain what can be done to create KPI being performance drivers.
RealtyTrac Presentation at Los Angeles Real Estate Investors Club October 2013ATTOM Data Solutions
RealtyTrac Vice President Daren Blomquist shared the latest housing trends at the national, state and local level with members of the Los Angeles Real Estate Investors club, also providing practical tips on how to leverage those trends to grow their business using a service like RealtyTrac.
Economic and Real Estate Outlook by Lawrence YunLana Tsarikaeva
Every year local realtors gather at the Computer History Museum in Moutain View for the annual Economic and Real Estate Update by Lawrence Yun, Chief Economist for National Association of Realtors. Below are my notes from the presentation.
1. Tax reform may harm the real estate, for more information, go to http://on.car.org/2017taxreform
2. Once the election ended the interest rates went up, mortgage rates are still low, expect interest rates increase in December 2017.
3. Housing shortage past 10 years across the United States, last time we had one after the World War Two. We are facing the same issue now. Reasons: too many regulations, shortage of lots, shortage of construction workers, domestic trade skill shortage.
4. Inventory, inventory, raise capital gain exemption at least for California.
5. We used to have Oversupply vs Loose lending rules, Today undersupply and Tight lending. Both are equally bad.
6. Fewer borrowers defaulting on mortgages in California due to 20% downpayment mandate.
7. Homeownership rate still near 50-year low
8. Student debt stops young generation to buy a house.
9. Solid jobs growth
10. Jobs opening skyrocketing
Linear-rational thinking is privileged in mainstream corporations, hence there is risk by disregarding systemic thinking at management. In adittion, holistic thinking is not enough (see Asian culture-firms), thus humanism ought to be included.
Quantum mechanics and alterity (otherness) are melt to generate quantum humanism. Examples are shown that correlates quantum thinking (systemic-holistic) with management
Research done in three Latin American companies that practice participatory-democratic management is briefly presented
KPI are very useful to measure how business is running; but sometimes, they have wrong effects on behaviours of actors; that is why we explain what can be done to create KPI being performance drivers.
http://www.gloucestercounty-va.com Blackstone's Commentary on English Common Law. The foundation and basis of law in the Western World. What the US legal system is supposed to be based on.
New Minimum Claim Threshold | Accelerated Benefits Eliminated on Some Transaction Types
In Canada R&D tax credits are provided at both the national (Canada) level and by the individual provinces (states).
November 2020 Real Estate Update, Presidential Elections and California Propo...Alan Wang
Silicon Valley November 2020 Real Estate update, Presidential Elections and California Propositions Real Estate Impact by Alan Wang Founder of the Alan Wang Realty Group and Keller Williams Santa Clara Valley
http://www.gloucestercounty-va.com Blackstone's Commentary on English Common Law. The foundation and basis of law in the Western World. What the US legal system is supposed to be based on.
New Minimum Claim Threshold | Accelerated Benefits Eliminated on Some Transaction Types
In Canada R&D tax credits are provided at both the national (Canada) level and by the individual provinces (states).
November 2020 Real Estate Update, Presidential Elections and California Propo...Alan Wang
Silicon Valley November 2020 Real Estate update, Presidential Elections and California Propositions Real Estate Impact by Alan Wang Founder of the Alan Wang Realty Group and Keller Williams Santa Clara Valley
In the second edition of the Convey Law Newsletter we look at the impact that the new Government has had on the housing industry. We also evaluate the impact of the suspension of Home Information Packs (HIPS) and the ability to still use HIP searches.
http://youtu.be/4mAvZKIPMEo
2014 Annual Accounting Update for Not-for-ProfitsWelch LLP
On Oct. 22nd, 2014, Welch LLP's experts hosted its annual Not-For-Profit seminar where they reviewed past, present & upcoming financial issues facing NPO’s.
To listen to the recording, please visit: http://www.welchllp.com/resource-centre/videos/events/
Areas of Discussion:
• A refresher of last year's key topics
• Anti-spam legislation
• Tax Essentials: Key income tax & HST updates
• Federal incorporation act update
• Accounting update on new principles
• Governance best practices
• Tips to prevent fraud in NPO's
Speakers:
• Don Scott, FCPA, CA - Tax Partner, Director of Tax Services
• Mona Tessier, CPA, CA, CA.IT - Senior Manager, Indirect Tax Partner
• Shawn Kelso, CPA,CA - Director of Professional Standards
• Christa Casey, CPA, CA - Partner & Director of the Not-for-Profit Sector
• Andre Auger, CGA, CFE - Government Services Provider
• Adam Aptowitzer - Lawyer, Drache Aptowitzer LLP
• Alexandra Tzannidakis, B.A., LL.B. - Lawyer, Drache Aptowitzer LLP
Welcome to the fifth quarterly edition of the Convey Law Newsletter. In this Newsletter we look at how good our clients
think that we are and the client service ratings that our
conveyancing teams aspire to achieve.
A wrap-up of our 2021 legislative session with special guests California state Senator Melissa Melendez and U.S. Chamber Western Region V.P. Jennings Immel
14 bills to be reviewed by the SWCLC on 1/25/2021 including: ACA 1, an effort to reduce the 2/3 voting requirement to raise local property taxes; AB 71, an effort to increase California's already highest-in-the-nation tax on corporations; AB 116, an effort to force municipalities to allow residential construction in commercially zoned parcels; and SB 39, an effort to mandate Dept. of Corrections trade information with Office of Unemployment (EDD) to prevent the massive fraud of prisoners collecting pandemic unemployment benefits.
A comprehensive summary of the housing market in Southwest California where we're enjoying the strongest Seller's market in years in July. Sales posted their 2nd highest month in the past decade, up 17% over June and up 11% over last July. Median prices continued to climb as well, advancing 6% year-to-date. We are now measuring inventory of homes for sale in weeks, not months.
Need help figuring out what to do with the 12 propositions you'll face on your November ballot? Every year the Southwest California legislative Council assigns our members a measure to research and present. The Council debates the issue based on what impact it will have on our business community and recommends a position. As always, we encourage voters to do their own research and to that end we have a much more extensive document available with all the arguments pro and con, what your vote means, and follow the money.
Every year the Southwest California Legislative Council evaluates statewide ballot propositions to determine which might fall within the purview of our strategic initiatives and impact our business members. Council members select a proposition to research and deliver a presentation to the group followed by discussion and a vote to recommend a YES vote, a NO vote, or NO POSITION. Here are the group's recommendation on the 12 measures you'll see on our November ballot.
Detailed information courtesy of BallotPedia.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
1. Restore Prop 90
What is Proposition 90?
Proposition 90 is constitutional amendments passed by California voters that provides property tax
relief for persons aged 55 and over. It allows these persons, under certain conditions, to transfer a
property's base year value from an existing residence in one county to a replacement residence in
another county. The provisions of Propositions 90 may result in substantial tax savings since it allows
the adjusted base year value of the original (sold) property to be transferred to the newly purchased or
constructed home if eligibility requirements are met. One critical requirement is that the county where
the new home is being purchased or constructed must allow Proposition 90 transfers. A separate
amendment, authorized by Proposition 60, allows similar property value transfers between properties
within a county.
Detailed information and answers to Frequently Asked Questions about Proposition 60 and 90 are
available from the California Board of Equalization at:
http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm#1
Is Proposition 90 in effect in Riverside County?
Not at the present time. Proposition 90 transfers were permitted in Riverside County until 1995 but the
law allowing them was not renewed.
Will Proposition 90 be reauthorized in Riverside County?
The Riverside County Board of Supervisors will conduct a public hearing on that question on
July 30, 2013 and will vote at the conclusion of that hearing on a proposed ordinance, Ordinance 920, to
extend Proposition 90 for five years.
Why wouldn’t the Supervisors vote to approve Proposition 90?
The County Auditor Controller has conducted a cost analysis of Proposition 90 which concluded that
public agencies in the county could lose up to $4.7 Million annually from the lower assessments on
homes purchased through Proposition 90. Supervisor Stone is currently the only Supervisor with a
stated opposition to the measure.
2. Prop 90 would cause a little property tax loss but aren’t there economic benefits for the county from the
new residents who would move to Riverside County?
Yes. A study conducted jointly by the Bureau of Economic Analysis, the Harvard Center for Housing Studies
and the National Association of REALTORS®, updated in March 2013, found that every new home sale in
California produced approximately $95,000 in local economic benefits. Those benefits derive from all the
goods and services typically associated with a home purchased and the income earned by those who sell the
good and perform the services. Other studies show that one permanent job is created from every two home
sales. The Auditor Controller estimates that 2300 home sales per year in Riverside County would come under
Proposition 90. Applying the Harvard/NAR formula means that by authorizing Prop 90 our county gains
almost $220,000,000 in economic benefits and potentially 1150 new jobs.
Harvard/NAR Economic Impact of Housing Sale:
http://www.realtor.org/sites/default/files/reports/2013/Economic%20Impact/eco nomic-impact-real-estate-
activity-california-2013-03.pdf
Home Sale Impact on Job Creation:
http://www.realtor.org/topics/home-ownership-matters/jobs-impact-of-an- existing-home-purchase
Some might argue that the many of those using Prop 90 benefits would have moved to
Riverside anyway so Prop 90 is just a giveaway.
The California Association of REALTOR® conducted a survey that found that at least 52% of those using Prop
90 in other counties based their purchase decision primarily on the availability of Proposition 90 tax benefits.
Again applying the Harvard/NAR economic benefit formula, Riverside County would annually reap over
$114,000,000 in benefit and almost 600 permanent jobs just from those whose primary reason for choosing
Riverside County over another county is the existence of Prop 90.
Do any other counties allow Prop 90?
Yes, eight other counties currently allow Prop 90 assessment transfers. Most importantly, our neighbor
counties of Los Angles, San Diego and Orange, all provide Prop 90 benefits, giving them an edge in the
competition to attract new permanent residents.
What can I do to help assure the passage of Ordinance 920 to allow Proposition 90 benefits in Riverside
County?
1. Email, call or write your Riverside County Supervisor. Here’s a link to their contact information
http://www.countyofriverside.us/government/boardofsupervisors.html
2. Sign and send the attached letter.
3. Sign and circulate the attached petition.
4. Attend the public hearing on July 30 at 9:00AM at the Riverside County Administrative
Center at 4080 Lemon Street, Riverside, California.
3. Print Name:
Signature:
City:
Print Name:
Signature:
City:
Print Name:
Signature:
City:
Print Name:
Signature:
City:
Print Name:
Signature:
City:
Print Name:
Signature:
City:
Print Name:
Signature:
City:
Print Name:
Signature:
City:
Print Name:
Signature:
City:
Print Name:
Signature:
City:
RESTORE PROPOSTION 90
A petition supporting proposed Riverside County Ordinance 920.
Riverside County Supervisors:
The undersigned, residents and voters in Riverside County, urge you to vote YES on Proposed Ordinance 920 when it comes
before you for a vote. This measure would authorize one-time, inter-county transfers of property assessments to Riverside
County pursuant to the California Constitution as amended by Proposition 90. Under Proposition 90, counties may allow 55+
primary home purchasers to transfer their property tax base value once from one county to another.
By restoring Proposition 90 benefits, Riverside County will encourage thousands of 55+ home buyers to choose Riverside
County for their new, permanent home. And, Riverside County will annually gain over $100 Million in economic benefits,
create over 1,000 jobs and attract thousands of new residents who contribute much to their neighborhoods and demand little from
government.
Supervisors, Please vote Yes on Proposed Ordinance 920 to authorize Proposition 90 transfers in Riverside County
Fax completed Petition to SRCAR at 951-864-2572
OR
Email completed Petitions to GAD@srcar.org
4. Riverside County Board of Supervisors
4080 Lemon Street
Riverside, California 92501
Re: Proposed Ordinance 920: Authorizing Proposition 90, inter-
county property assessment transfers.
Dear Supervisor:
I write to express my support for proposed Ordinance 920. This
important measure would authorize 55+ home buyers to purchase a
home in our county and transfer their property tax base from their
prior residence in another county as allowed by the California
Constitution (Proposition 90).
Studies by the Harvard Center for Housing Studies and the National
Association of REALTORS® show that every home purchase generates
nearly $95,000.00 in local economic benefits. Every two sales create
one new permanent job. Applying the Harvard/NAR impact formula to
the County Auditor Controller’s analysis of Ordinance 920,
demonstrates that our county could annually reap over $200,000,000
in economic benefits and gain over 1,000 jobs from the implementation
of Ordinance 920..
Riverside County could gain in other ways from adoption of Ordinance
920. The typical home buyer using Proposition 90 are financially
secure individuals who will become valued, long-term residents of our
community, contributing much to their neighborhoods and imposing
little or no cost on public services. The County’s adoption of
Ordinance 920 provides the classic “Win/Win”. At very small cost in
property tax foregone, the county gains hundreds of million dollars in
economic benefits, potentially thousands of new jobs, no additional
costs and thousands of wonderful new, contributing neighbors.
Please vote to help 55+ home buyers make Riverside County home.
Please vote to grow our county’s economy. Please vote yes on proposed
Ordinance 920 when it comes before you on July 30.
Sincerely,