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Prop 13 makes it more difficult for rich newcomers to outbid established owners. Has a similar effect to rent control. If California made any existing rental p
by jmpman 5y ago
Prop 13 makes it more difficult for rich newcomers to outbid established owners. Has a similar effect to rent control.
If California made any existing rental property only eligible to retain Prop 13 tax status by expanding the number of available bedroom units on the property, the rental price problem would be solved almost immediately.