100% this. It also can't be emphasized enough that these property tax breaks have disproportionately benefited older, white Californians (due to both historic p

100% this. It also can't be emphasized enough that these property tax breaks have disproportionately benefited older, white Californians (due to both historic property ownership rates and demographics). Edit: For the folks downvoting, well, here are a few links: * https://www.census.gov/hhes/www/housing/census/historic/ownershipbyrace.html https://www.census.gov/hhes/www/housing/census/historic/owne... * http://www.nahbclassic.org/generic.aspx?genericContentID=261136&fromGSA=1 http://www.nahbclassic.org/generic.aspx?genericContentID=261...