Proposition 8 – What Is It, and Should I Sell My House?

So how do you avoid this? The answer is simple, move. Lets say you have been dreaming of a waterfront home like the one I have listed here. Several years ago it might have cost 30-50% more to buy the same house. If you buy it today, Proposition 13 protects you at the lower price you actually paid. If you sell your current home, then you avoid the Proposition 8 bounce back effect and your buyer saves too. There is a win – win.

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