Originally Posted by
fcoolaiddrinker
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.
Yeah prop 13 exists for a reason, and it's still a very good reason in 2025.
You play by all the rules, pay taxes and mortgage for decades and then the government seizes your home at age 75 because some arbirtary website like zillow posts a very large number associated your address?
I'm sure there are ways to rationalize taxes for local services without taking away retirees homes. But without prop 13 you literally could not plan for your financial future (other than planning to move to to Reno).
This is one of the reasons that I'm like "Eff Dave Ramsey" on paying off the house early... there's only two entities who can ever actually "own" your house, and you are not one them. They'll just let you live there as long as you keep paying your "rent" (mortgage & property tax).