The original sin was politicians spending the state into oblivion and then raising property taxes year over year. Prop 13 was in direct consequence to this and

The original sin was politicians spending the state into oblivion and then raising property taxes year over year. Prop 13 was in direct consequence to this and a way to protect taxpayers from politicians that keep raising taxes to solve their problems. It is great for homeowners and I love knowing that my property taxes won’t go sky high and force me out of my house when I retire. High housing costs are directly because of the stock market and tech employees becoming inordinately wealthy. Prop 13 was around for decades and housing only became unaffordable in the last 10 years because of the rise of FANG.