Inglewood Business Magazine October 2018

Inglewood Business Magazine | real estate
continued from page 13...
and teacher pension funds, non-profit
endowments and the mutual funds that are
in most 401(k) portfolio.
The California Association of Realtors® is
trying to solve the low housing inventory
shortage that we are currently experiencing
in California. The theory is that older
homeowners are not placing their homes on
the market due to the low tax benefits they
are currently receiving through Proposition
13, thus contributing to our housing
inventory shortage.
Proposition 5
Prop 5 extends Proposition 13 by allowing
senior and disabled homeowners to transfer
their low, existing Proposition 13 tax
assessment to a new home anywhere in the
state and using the option as often as they
choose.
Supporters say, if older homeowners have
a tax advantage to move without fear of
increased taxes, this would allow young
families to purchase these homes at current
market value and therefore, increasing taxes
paid to the government.
Opponents of the proposal say that by
allowing lower taxes on homes valued much
greater than the original purchase price of
the home, the government would stand to
lose significant tax revenues that is used to
pay for public schools, etc. A conservative
estimate is a loss of $1 to $2 billion dollars in
revenue annually to the State. They also say
that it is unfair for people not to pay their
fair share in taxes, and that taxes by home
value is needed to support the increasing
cost demands for government services,
such as public schools. It has helped make
California unusually dependent on income
taxes and has offered its most abundant
benefits to the very wealthy.
The above is intended to stimulate your
interest how California law can affects real
estate, and how you can make a difference
by going to the polls and making your
decision known. OPR
About Olivia Patterson-Ryans
Olivia is known for her effective negotiating skills and strong
work ethics which are attributable to her easy going calm,
yet strong demeanor, which enables her successful service to
a diverse client base from many backgrounds and economic
strata.
“I specialize in analyzing your real estate portfolios and
suggesting strategies to increase your rate of return. I also
enjoy helping Home Owners intelligently use their home
equity to begin their real estate portfolios and grow income
for the future. Working in Inglewood, Greater Los Angeles
Olivia with husband
Robert Ryans, President
of the Inglewood Rotary
Club
and the surrounding South Bay communities; I have a history of effectively pricing
properties, delivering the sale at values at and over the asking price. As a highlytrained
and seasoned real estate professional, I am dedicated to providing exceptional,
personalized service for each of my clients.”
Olivia’s partnership with Coldwell Banker Realty aligns her with one of the largest
real estate Brokerages worldwide. When you work with a Coldwell Banker agent, you
aren’t just working with an agent; you’re hiring a vast network of dedicated real estate
professionals. Olivia earned a BS and Master’s Degree from Pepperdine University. In
her early years, she taught high school algebra and geometry. “
My philosophy is simple: Clients come first! Well... after God and family that is. . .
14 Inglewood Business Magazine Oct - Nov 2018