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The problem is that they have the option to own a house to begin with. Cali cities need to be all high rise apartment buildings.

Once the government starts raising property taxes, people will start selling off their homes, and then developers can buy the land and build apartments.

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California can't raise property taxes unless Prop 13 is repealed and that's a very high bar to pass.

I mean, majority vote for a certain candidates should do it. If enough people bothered to vote, it could happen.

You would need to overturn the proposition directly. The state Congress can't overturn it so you would need another proposition. That's a "simple" majority vote, but it's the third rail of California politics. We almost got it removed for businesses, but COVID happened and people were not in the mood for raising taxes.

A lot of retired people would lose their houses so it would be a political disaster to remove it.

Yeah, I think we should keep that aspect of prop 13. That is what it was originally billed as.

It just doesn't make sense that golf courses pay taxes that are more aligned with the 70's property values.

If there was ever a major change to prop 13 taxes, I think we would need to phase in the new taxes over a five to ten year period. Otherwise, the market would be thrown into chaos.

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