‘A Return to Equity’
Three cheers for the Alexander Pope-Dave Elder initiative to restore property tax equity and for The Times’ support of it. It is bad enough that recent home buyers pay bloated prices for housing and outrageous interest on home loans. But it is worse than that--we also have to carry on our backs the homeowners who bought before 1975 and pay next to nothing in property taxes, while we support the state through our higher taxes.
Because of the gross inequities in the housing situation, there are two classes of people in the California middle class, those who live the good life, and those who strain at every penny they spend--and these two groups take home the same pay.
MARCIA J. BATES