Proposition 13 also promotes the holding of land in legal vehicles, like Title Holding Trusts. This saves big property owners a lot of money when it comes time

Proposition 13 also promotes the holding of land in legal vehicles, like Title Holding Trusts. This saves big property owners a lot of money when it comes time to sell, but even seems to make sense for individuals. Near my old neighborhood (where house prices are roughly $400k), 30-40% of the houses to the south of me were held in trust, and they appeared to be titled as individual's trusts.