"The property tax rules were originally passed to protect senior citizens from losing their homes" FWIW that was the sales pitch not the reason. The same peopl

"The property tax rules were originally passed to protect senior citizens from losing their homes" FWIW that was the sales pitch not the reason. The same people who got prop 13 passed on that basis also demonstrate their concern for the elderly by lobbying to slash public pensions in California: https://www.hjta.org/california-commentary/public-pensions-could-bankrupt-california/ https://www.hjta.org/california-commentary/public-pensions-c... "A boom happens, their house values go up, but they’re still living in fixed incomes. I literally just read a Twitter exec, on Twitter, openly say that well seniors could just sell their homes. Nice! Great solution. Just leave, old people!" The additional free money capital gains ought to take the sting out of having to move. Renting pensioners don't get that. They also don't get 1%'er lobbies pretending to care about them.