I think property tax should be heavily weighted by the original price you paid for your house, and should go up with inflation and the cost of services. It should not be flatly tied to the price you would get for your house if you hypothetically sold it.
That is how you end up with California, where the old generations get wealthy, and the young generations are driven out of the state completely.
That is how you end up with California, where the old generations get wealthy, and the young generations are driven out of the state completely.
Yes, the economic conditions in a state with 40 million people are probably due to one specific factor. Classic meme-level thinking!
Prop 13 is real, yo
So are about a million other things that have happened in the 40 years since prop 13, yo.