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My parents are in this boat. I feel like a clean repeal of Prop 13, while it would be good for California overall, just isn't possible. What I would like to s

My parents are in this boat. I feel like a clean repeal of Prop 13, while it would be good for California overall, just isn't possible. What I would like to see is: -Prop 13 applies applies to only your lived in primary residence. This applies to new buyers as well. -Commercial and Investment properties have a 10 year sunset clause. That is to say property taxes go up to market rate over a 10 year period. (i.e. first year you're paying 10% more...then 20%...etc) up until year 10 I don't even think THAT is politically feasible here though, and I'm a home owner.

ryandrake 8y ago
I’ve lived places with homestead exemptions and it seems like a good compromise. As it stands today, Prop13 is essentially a wealth transfer from new homeowners to old ones.
- atomi 8y ago
  People who bought homes now will pay fewer taxes than the people buying 20 years later. I think the people who complain are mostly transplants who don't think it's "fair" that the citizens of California who've lived here generations don't have to pay the same taxes they do for some of the expensive homes and properties.
  - joejerryronnie 8y ago
    You're getting downvoted but you're absolutely right. Don't worry though, Prop 13 is untouchable and will never get repealed. It's ironic that most of the people complaining about Prop 13 driving housing prices up are oblivious to the fact that they, if not born in the bay area, are the sole reason for the astronomical housing price increases. Housing is expensive in the bay area for one reason, more people want to live here than there are houses available. How about addressing the real root cause and implementing a new resident tax? We can use the proceeds to pay for affordable housing initiatives.
  - toasterlovin 8y ago
    FWIW, I grew up in Los Angeles and had to move out of state in order to afford a family. This doesn’t just affect people from out of state.

ryandrake 8y ago

I’ve lived places with homestead exemptions and it seems like a good compromise. As it stands today, Prop13 is essentially a wealth transfer from new homeowners to old ones.

atomi 8y ago
People who bought homes now will pay fewer taxes than the people buying 20 years later. I think the people who complain are mostly transplants who don't think it's "fair" that the citizens of California who've lived here generations don't have to pay the same taxes they do for some of the expensive homes and properties.
- joejerryronnie 8y ago
  You're getting downvoted but you're absolutely right. Don't worry though, Prop 13 is untouchable and will never get repealed. It's ironic that most of the people complaining about Prop 13 driving housing prices up are oblivious to the fact that they, if not born in the bay area, are the sole reason for the astronomical housing price increases. Housing is expensive in the bay area for one reason, more people want to live here than there are houses available. How about addressing the real root cause and implementing a new resident tax? We can use the proceeds to pay for affordable housing initiatives.
- toasterlovin 8y ago
  FWIW, I grew up in Los Angeles and had to move out of state in order to afford a family. This doesn’t just affect people from out of state.