Prop 13 restricts supply. For example I have a modest home I bought for what’s now half the market value. I won’t sell to move to a slightly better home because

Prop 13 restricts supply. For example I have a modest home I bought for what’s now half the market value. I won’t sell to move to a slightly better home because my taxes would double. Additionally my mother-in-law bought her home in the 70s for 1/20 of its current value. There are exemptions that allow to move within her county, but to downsize would likely 5x her taxes or more.