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I remember Prop 13 from a case study in a government class. I had totally forgotten about it until you mentioned it. Prop 13 was pushed by rental property owne
by mcguire 5y ago
I remember Prop 13 from a case study in a government class. I had totally forgotten about it until you mentioned it.
Prop 13 was pushed by rental property owners---primarily apartment complexes, because they don't change hands very often. It's one thing to enjoy the value increase on a house you own for 5-10 years and another the increase on an apartment complex that you own for 20-30.