Originally Posted by ThumbsUp

The problem with getting rid of prop 13 or any homestead exemption in other states amid that regular people at one time bought homes for regular prices. Then the market went bonkers several times over the years and essentially priced out the homes for generally everyone but the wealthy. It does screw younger people, but it also screws the original owners of those homes in the sense that they can’t afford to move as they could no longer afford the tax on their same home if it were re-appraised at market value. Damned if you do, damned if you don’t. Particularly in CA where they will raise your taxes no matter what the policy is. Those smelt need to be protected somehow.