Palo Alto (from Spanish: palo: “stick” (or “pole” or “tree”) and alto: “tall”) is a California charter city located in the northwest corner of Santa Clara County, in the San Francisco Bay Area of California, USA. It is named after a tree called El Palo Alto. The city includes portions of Stanford University and is headquarters to a number of Silicon Valley high-technology companies, including Hewlett-Packard, VMware and Facebook. As of the 2000 census, the city had a total population of 58,598 residents.

Rent control refers to laws or ordinances that set price controls on the renting of residential housing. It functions as a price ceiling.

Proposition 13, officially titled the “People’s Initiative to Limit Property Taxation,” was a ballot initiative to amend the constitution of the state of California. The initiative was enacted by the voters of California on June 6, 1978. It was upheld as constitutional by the United States Supreme Court in the case of Nordlinger v. Hahn, 505 U.S. 1 (1992). Proposition 13 is embodied in Article 13A of the California Constitution.

The most significant portion of the act is the first paragraph, which capped real estate taxes:

Section 1. (a) The maximum amount of any ad valorem tax on real property shall not exceed One percent (1%) of the full cash value of such property. The one percent (1%) tax to be collected by the counties and apportioned according to law to the districts within the counties.

The proposition’s passage resulted in a cap on property tax rates in the state, reducing them by an average of 57%. In addition to lowering property taxes, the initiative also contained language requiring a two-thirds majority in both legislative houses for future increases in all state tax rates or amounts of revenue collected, including income tax rates. It also requires two-thirds vote majority in local elections for local governments wishing to raise special taxes. Proposition 13 received an enormous amount of publicity, not only in California, but throughout the United States.

Passage of the initiative presaged a “taxpayer revolt” throughout the country that is sometimes thought to have contributed to the election of Ronald Reagan to the presidency in 1980. However, of 30 anti-tax ballot measures that year, only 13 of them passed.

A large contributor to Proposition 13 was the sentiment that older Californians should not be priced out of their homes through high taxes. The proposition has been called the “third rail” (meaning “untouchable subject”) of California politics and it is not politically popular for Sacramento lawmakers to attempt to change it.

Duration : 0:9:42

Technorati Tags: Alto, America, american, amusement, Apartment, Barbara, blackmail, buildings, Business, California, care, child, Cities, citizens, CITY, control, council, Cruz, development, dialectic, environmentalist, experts, freeway, government, growth, housing, Income, land, liberal, low, machine, monica, music, New, Palo, park, People, philosophy, Political, power, progressive, Reagan, religion, rent, retirement, roads, Rules, santa, school, structure, student, study, Times, values, vote, Who, york

After doing research on Loan Modification Default Rates and Shadow Inventory Rates i am in shock. This is very serious people. I feel very bad for all the responsible people who have been paying on their loans like clockwork hoping to use equity to subsidize their retirement. Can anyone say “poof”

Links
http://www.mgic.com/servicing/hamp_gse.html

http://mhanson.com/archives/242

Duration : 0:4:13

Technorati Tags: analysis, Buying, California, commentary, destruction, estate, home, house, news, Obama, real, Realty, selling, update, wealth

If you enjoy real estate shows please be sure to subscribe to my other channel http://www.youtube.com/RealEstateHappens

To search for homes all across the world simply click:
http://www.SuperHomeSearch.com

In addition to hosting Hollywood Happens, LA Happens & real estate Happens, I’m also a Realtor specializing in homes and estate properties throughout Los Angeles including The Sunset Strip, Hollywood Hills, West Hollywood, Santa Monica, Venice Beach, Van Nuys, Studio City, Sherman Oaks, Encino, Tarzana, Reseda, Woodland Hills, West Hills, Winnetka, Canoga Park, Chatsworth Horse Properies, Panorama City, Arleta foreclosures and bank owned houses, North Hollywood, Sunland, Sun Valley, Pacoima, Sylmar, Silverlake, Century City, Beverly Hills. I also know top Realtors and real estate agents all across the world and can refer you to a top Realtor agent like myself. I look forward to hearing from you.

Thanks for watching and taking the time to rate and comment on the video.

If you need to sell your home I’m a Residential Listing Specialist with the experience to get the job done even in a down market. Email me Today.

John McQuilkin – Real Estate Happens
The Unofficial Spokesperson of Real Estate

Duration : 0:6:23

Technorati Tags: Agent, arleta, Bank, California, celebrity, estate, for, foreclosure, homes, host, John, mcquilkin, real, REALTOR, sale, stars, the, to

ADDRESS: 8165 Royal Troon Dr, Duluth, GA 30097

DESCRIPTION: Enbrace the tradition of pretigious living in the orginal designed Venetian-style estate. This rare jewel in the St Marlo Country Club is Perfection in every way. This masterpiece is a sanctuary of family living and entertaining. Every bedrooms is mastered with adjoining palatial bathrooms & closets 3 of which are master suites, one each of the three levels. 2 gourmet kitchens, home theatre, billard room, library/office, exercise room, bonus room, wine cellar, study, steam sauna, elevator to all levels, amazing infinity pool & cabana, and two garages house four cars with a motor court for eight additional vehicles and much more. Owner finance. Courtesy of Keller Williams Premier Realty.

Video Tour Service. Virtual Tour Service. Presenting the finest Luxury Homes in Georgia, celebrity homes, and HGTV Mansions. Luxury Home Video Tours filmed on location. Luxury Real Estate on TV and in the news. Castles and Mansions for Sale in GA.

http://www.TheLuxuryBrokers.com All Rights Reserved. Information Deemed Reliable But Not Guaranteed.

Neither The Luxury Brokers, LLC. nor the service providers for The Luxury Brokers, LLC. are liable for any errors or inaccuracies in the information provided through this website. © 2009 The Luxury Brokers, LLC.

Duration : 0:2:8

Technorati Tags: alpharetta, Arizona, Atlanta, California, carolina, celebrity, decatur, Duluth, estate, Florida, for, Georgia, hgtv, home, homes, in, Luxury, Marietta, mexico, New, news, north, real, sale, services, smyrna, south, texas, the, tour, tv, video, york

Duration : 0:4:10

Technorati Tags: Bay, Ca, California, district, estate, eureka, for, Granite, homes, Luxury, Placer, Property, real, sale, school, Shelborne, Union

FLOORPLANS: http://vifp.com/presentation/panorama.php?Branded=1&restricted=0&agent=1499&mls=853015

WRENTHAM HOUSE RESTORATION
RECOGNIZED IN 2008 WITH THE RHODE ISLAND HISTORIC PRESERVATION AND HERITAGE COMMISSION AWARD.
The pedigree for this spectacular granite and brownstone oceanfront estate, originally known as Indian Spring, reads like a whos who of 19th-Century American architecture. This first collaboration between Richard Morris Hunt, legendary founder of the American Institute of Architects, and esteemed landscape designer Frederick Law Olmsted resulted in this magnificent 14,400-square-foot mansion. It was created in 1891 for yachtsman and defender of the Americas Cup J.R. Busk and is on the market for the first time in more than 50 years.

Presenting Celebrity homes and the Finest Luxury Homes in Rhode Island. HGTV Castles and Mansions. Luxury Home Video Tours filmed on location. Luxury Real Estate in the news and on TV. Castles and Mansions for Sale in RI.

http://www.TheLuxuryBrokers.com All Rights Reserved. Information Deemed Reliable But Not Guaranteed.

Neither The Luxury Brokers, LLC. nor the service providers for The Luxury Brokers, LLC. are liable for any errors or inaccuracies in the information provided through this website. © 2009 The Luxury Brokers, LLC.

Duration : 0:1:50

Technorati Tags: Arizona, Barrington, California, carolina, Castle, castles, celebrity, connecticut, Cranston, estate, Florida, for, hampshire, hgtv, home, homes, in, island, Jamestown, Luxury, Mansion, mansions, Massachusetts, mexico, Middletown, New, newport, news, north, Pawtucket, Providence, real, Rhode, sale, south, texas, the, tours, tv, video, Warwick, york

For further weird details, go to my Westchester web site at:
http://www.geocities.com/oddlystupid/westchester.html

All Copyright Acknowledged and later put to bed. TIME PASSAGES: © Al Stewart

Duration : 0:6:30

Technorati Tags: al, angeles, California, cityscape, Del, LAX, los, passages, paya, rey, stewart, time, westchester

To learn more about this property visit http://www.portabello.com or http://www.johnmcmonigle.com, or to schedule a private viewing contact John McMonigle at 949-640-3604.

Duration : 0:8:3

Technorati Tags: California, corona, Del, estate, home, house, Luxury, Mansion, Mar, mcmonigle, Ocean, oceanfrontf, previews, real, Rich, sale, sea, tour

ADDRESS: 12735 Oak Cliff WY., Colorado Springs, Colorado.

DESCRIPTION: Featured as the 2005 Celebration Home, this custom home is a testament to the reputation of its creator as a premier builder for luxury homes. Exquisite treatments include the Saline Treated Indoor Pool, floating Home Theater, vast Terraces & Decks, Beamed Ceilings, Infrared Sauna, Custom Murals, Upgraded Appliances, and much more. Finally, the home you could only hope for is now available.

Video Tour Service. Presenting the finest Luxury Homes in Colorado, celebrity homes, and HGTV Mansions. Luxury Home Video Tours filmed on location. Luxury real estate on TV and in the news. Castles and Mansions for Sale in CO.

http://www.TheLuxuryBrokers.com All Rights Reserved. Information Deemed Reliable But Not Guaranteed.

Neither The Luxury Brokers, LLC. nor the service providers for The Luxury Brokers, LLC. are liable for any errors or inaccuracies in the information provided through this website. © 2009 The Luxury Brokers, LLC.

Duration : 0:1:26

Technorati Tags: Arizona, Boulder, Breckenridge, California, carolina, celebrity, colorado, Denver, estate, Florida, for, golden, hgtv, home, homes, in, Littleton, Longmont, Luxury, mexico, New, news, north, Parker, Pueblo, real, sale, services, south, springs, texas, the, tour, tv, Vail, video, york

Song is Motley Crue – Kickstart My Heart

Duration : 0:4:19

Technorati Tags: California, Downtown, Drags, Hometown, sacramento