3 ms·
> not because its was a real problem (and, even if it was, Prop 13 doesn’t focus on dealing with that problem.) California politicians were working on solution
by bcrosby95 5y ago
> not because its was a real problem (and, even if it was, Prop 13 doesn’t focus on dealing with that problem.)
California politicians were working on solutions to the property tax problem for years. The same year prop 13 was on ballot, something else was on ballot to fix the problem, which would have done a much better, targeted job - but unfortunately big money poured into prop 13 and that got passed.
My parents bought a new house in 73, and by the time prop 13 passed it was worth around 3x the purchase price. They both worked in tech and were close to having to sell their house (they had 4 kids).
It was a real problem, prop 13 was just a bad solution.