And although neither the San Francisco Association of Realtors nor the Chamber of Commerce had the percentage of Asian American homeowners available, both entities did confirm the general perception that Asian Americans are among the largest groups of new homeowners. In addition, they will not get the large Proposition 13 tax breaks enjoyed by longer-established owners. Tenants, too, would have to foot the bill. On Monday, the Board of Supervisors approved legislation allowing landlords to pass on property tax increases caused by bond measures enacted between November 1996 and December 1998. They say they do not want to hurt the de Young but feel they have no choice.
Concerns go beyond just money.
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