Unfortunately, the Prop 13 in 1978 did not then foresee the current abuse by second and multiple (including foreign landlords) homeowners that has artificially

Unfortunately, the Prop 13 in 1978 did not then foresee the current abuse by second and multiple (including foreign landlords) homeowners that has artificially created California’s severe housing [and housing ownership] shortage. It will require yet another state proposition on the ballot to be able to revise Prop 13 into limiting this privilege of having the 1% valuation tax cap applied only to just those first homeowners. https://en.m.wikipedia.org/wiki/1978_California_Proposition_13 https://en.m.wikipedia.org/wiki/1978_California_Proposition_...