Originally Posted by ohaiyo

The way to deal with prop 13 is when grandma sells her house or dies. The tax man collects all the latent property taxes that were never (under) paid upon sale or inheritance. This would help moderate the price of homes (surely), would enable grandma to not get kicked out of her house, but would also prevent the forever-arbitrage situation that we have now, wherein people are collecting massive premiums on a property tax bill that has not been paid. It's one of the main things slowing me down from moving there: I don't want to pay someone else's tax bill from 1985.

I get the original intent of prop 13, but it's now having crazy knock-on effects and unanticipated consequences. It has turned CA into a real-estate cartel, and it's become a modern feudal state.