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# Santa Monica Home values at stake
- URL: https://www.smdp.com/santa-monica-home-values-at-stake-editor/
- Published: 2003-02-15T16:00:00.000Z
- Updated: 2026-10-23T01:35:25.000Z
- Author: Guest Author
- Tags: Opinion, Malibu, #archive-import

During the next few months, two special elections will be held in Santa Monica that will have an impact on property values: Prop. A providing homeowners with the right to choose whether or not they want their own homes to be designated as historic, and the opportunity to support a school funding measure to save our public schools from serious deterioration.

Interestingly, both of these measures have one thing in common — the value of ALL Santa Monica homes will increase if both pass.

If Santa Monica voters support Prop. A, then the Landmarks Commission will be unable to severely restrict the flexibility of homeowners to make reasonable improvements on their own property. As a result, these homes will be easier to sell and will bring higher prices. If a large number of homes are sold in Santa Monica at higher prices, then the value of ALL Santa Monica homes will increase. Thus, every Santa Monica homeowner, including those who believe their homes will not be arbitrarily designated as historic, have a vital interest in supporting Prop. A.

The proponents of Prop. A have made a compelling case in regard to property values. The same logic pertains to the school funding measure in June. The Santa Monica-Malibu Unified School District is faced with an unprecedented budget deficit of $12 million as a result of severe cutbacks in education funding from the State of

*Originally published in the Santa Monica Daily Press print edition on February 15, 2003.* [Read the original PDF.](https://s3.us-east-1.amazonaws.com/smdp%5Fbackissues/021503.pdf?ref=smdp.com)