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Why do you think people will live cheaply if they join the community now? They pay the same taxes as you, and people engage in the community just as much as you for how ever long they choose to live there (perhaps 15 years to come and make it an even better neighborhood than it is now).

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Because of prop 13, the ones who move in today will actually pay a lot more in taxes than the ones there today. Up to 2-3x - which means the newcomers will catch up to the older neighbor’ tax contributions within a few years.

2-3x? Try 10x. A lot of those living in million dollar homes purchased in the 70s at sub 100k prices, and are still paying based on that valuation. Or their children are, since Prop 13 lets your kids inherit the right to pay 1/10 the property taxes as newcomers.

I’m actually for raising all property taxes (edit: including mine) if it helps decrease demand. I’m willing to pay a lot more taxes.

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