Originally Posted by
OOfff
the existing homeowner only paid more because you’re drawing a line in a specific year. over the same number of years of ownership, a person with the misfortune of being born after the existing homeowner will always pay more (both nominally and as a proportion of their wealth from the home). there’s no debt that a younger person needs to pay to make an older homeowner whole.
The line is every year after prop 13 passed in the 70’s. This sounds more like your advocating hosing older folks that played by the rules and payed a highish pay roll tax for decades and now a high property tax in retirement. With zero thought on making whole. See the problem? The intent of Prop 13 was to keep people in thier homes in retirement. I agree like any other law there’s downsides.