That is an interesting perspective. Do you think a lot of people think like that? Or whether it is more likely that people simply purchase their homes in youth,

That is an interesting perspective. Do you think a lot of people think like that? Or whether it is more likely that people simply purchase their homes in youth, go on with their lives, grow old there and one day find out that their community is desirable and thus their property taxes have spiked? And that they might be kicked out of their homes only because they are now living on fixed incomes and hence cannot afford increased taxes? I bet more people will be in the later bucket than the ones who analyze things like you do. Since (property) tax policy depends on politics, which is driven mostly by emotions rather than reason, how would you persuade people to think like you? And if one cannot persuade them and simply try to impose one's preferred tax policy by whatever means, then we will see a tax revolt similar to what happened in 1978 with Prop 13.