The Lebowski loophole is partially closed on large enough values. But I doubt it prevents corporations/trusts from being a simple workaround. Then they added ne

The Lebowski loophole is partially closed on large enough values. But I doubt it prevents corporations/trusts from being a simple workaround. Then they added new loopholes to make it so old people can move and keep their low property taxes. Prop 13 is IMO the biggest problem that California faces, because it’s the most intractable to solve (it would be political suicide to try to roll it back now that so many people are paying way lower taxes than they would without it) but is also a major contributor to a lot of other problems in the housing market. I can think of ways to roll it back slowly, but let’s be real, people will freak out if they think they’ll have to start paying 5x what they currently pay in property taxes, even if it’s after they die or in 20 years from now.