Not sure why you're getting downvotes, you're 100% correct. As an outside observer into the Wild West that is California real estate, part of me wants to see P

Not sure why you're getting downvotes, you're 100% correct. As an outside observer into the Wild West that is California real estate, part of me wants to see Prop 13 repealed just to see what would happen. Personally, I think the only thing that would change would be property tax valuations as I believe that the effect it's had on building houses is virtually nil.