2-3x? Try 10x. A lot of those living in million dollar homes purchased in the 70s at sub 100k prices, and are still paying based on that valuation. Or their

2-3x? Try 10x. A lot of those living in million dollar homes purchased in the 70s at sub 100k prices, and are still paying based on that valuation. Or their children are, since Prop 13 lets your kids inherit the right to pay 1/10 the property taxes as newcomers.